German jobless claims declined more sharply than expected in September as the unemployment rate fell to a record low, the Federal Employment Agency said Friday.
Jobless claims fell by 23,000 in September from August, the labor agency said. The figures are adjusted for seasonal swings.
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Economists in The Wall Street Journal's survey expected jobless claims to decline by 5,000.
Germany's adjusted jobless rate fell to 5.6% in September, the lowest rate since the beginning of the data series in January 1992.
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(END) Dow Jones Newswires
September 29, 2017 04:19 ET (08:19 GMT)