Unemployment in Germany remains at record low levels, as recovery in Europe's biggest economy remains on track and no fallout is apparent yet from the Volkswagen (Other OTC: VLKAF - news) scandal, economists said on Thursday.
But the jobless figures could start to rise in the coming months as some of the huge number of refugees arriving in the country begin to sign on, economists said.
The unemployment rate -- which measures the jobless total against the working population as a whole -- stood at 6.4 percent in September, unchanged from August, the Federal Labour Office revealed in regular monthly data.
That is the lowest level since west and east Germany reunited in 1990 after the fall of the Berlin Wall the previous year.
In concrete terms, the number of people registered as unemployed in Germany declined by a seasonally-adjusted 5,000 to 2.788 million.
That was slightly more than the decline of 4,000 that analysts had been expecting.
In raw or unadjusted terms, the jobless total decreased by 58,800 to 2.649 million and the unemployment rate fell to 6.0 percent in October from 6.2 percent in September, the office noted.
See more at:
Yahoo News UK