German jobless claims fell in October as the unemployment rate remained at a record low, the Federal Employment Agency said Thursday.
Jobless claims dropped by 11,000 in October after a revised decline of 22,000 in September, the labor agency said. The first reading for September showed a decline of 23,000. The figures are adjusted for seasonal swings.
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Economists in The Wall Street Journal's survey expected jobless claims to fall by 10,000.
Germany's adjusted jobless rate remained at 5.6% in October, having hit that level the previous month--the lowest rate recorded since the beginning of the data series in January 1992.
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(END) Dow Jones Newswires
November 02, 2017 05:11 ET (09:11 GMT)