German unemployment falls further, fewer people on short-time work
The labour office said the number of people out of work fell by 8,000 in seasonally adjusted terms to 2.907 million
FILE PHOTO: A traveler is seen at the airport in Frankfurt, Germany, April 2, 2020, as the spread of the coronavirus disease (Covid-19) continues. REUTERS/Kai Pfaffenbach
The number of jobless people in Germany fell for the third month in a row in September, data showed on Wednesday, in a further positive sign for household spending which is expected to drive a recovery in Europe's largest economy from the coronavirus crisis.
The labour office said the number of people out of work fell by 8,000 in seasonally adjusted terms to 2.907 million. The unemployment rate fell to 6.3% from 6.4% in the previous month.
The number of people on short-time work schemes, which have shielded the labour market from the brunt of the pandemic, dropped to 4.24 million in July from its peak of nearly 6 million reached in April at the height of the pandemic.
Keep updated, follow The Business Standard's Google news channel
