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Sunday, 08 November 2009 GMT
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German ILO Unemployment Hold Steady at 7.1%
Wednesday, 07 January 2009 05:41:48 GMT
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German November ILO unemployment remained steady at 7.1%, as expected. The focus remains on the more up to date national jobless figure for December, released later this morning. So far the German labor market has been holding up relatively well, but as a lagging indicator it is only a matter of time until unemployment starts to rise and we are looking for a pick up of 10K over the month, which would leave the jobless rate unchanged at 7.5%.
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