November 29, 2019 / 9:43 AM / 13 days ago

German jobless falls unexpectedly in November

BERLIN (Reuters) - German unemployment fell in November, data showed on Friday, suggesting the labor market in Europe’s largest economy is holding up despite weakness in the manufacturing sector.

Data from the Federal Labor Office showed the number of people out of work fell by 16,000 to 2.266 million in seasonally adjusted terms. That compared with the Reuters consensus forecast for a rise of 5,000, and was the biggest fall since February.

The jobless rate held steady at 5.0% - slightly above the record-low of 4.9% reached earlier this year.

“The current economic weakness is still noticeable in the labor market. All in all, however, it remains robust,” said Labor Office head Detlef Scheele.

Writing by Paul Carrel; Editing by Andrew Heavens

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