German Unemployment Takes An Unexpected Plunge
Oct 30, 2014, 15:04 IST
After two months of modest increases, the number of unemployed people in Germany took a surprise plunge this October.
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According to figures out Thursday from the country's statistical agency, the number of people out of work and looking fell by 22,000. The rate stays unchanged at 6.7%.
That's not bad news for a country where business confidence just dropped to a 22-month low and where some analysts have already started predicting a recession.
This graph from Pantheon Macroeconomics shows falling jobless numbers in Germany:
Pantheon Macroeconomics
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