German Jobless Claims Unexpectedly Fall in January
By Maria Martinez
German jobless claims fell again in January, despite analysts expecting an increase in unemployment due to coronavirus lockdown restrictions.
Jobless claims declined by 41,000 after falling by a revised 40,000 in December, the Federal Employment Agency said Friday. Economists polled by The Wall Street Journal had forecast an increase of 10,000.
The adjusted unemployment rate was at 6.0% in January and December’s figure was downwardly revised to 6.0%. Economists polled by The Wall Street Journal forecast January’s adjusted jobless rate at 6.1%.
The number of registered job vacancies stood at 566,000 in January, down 102,000 on year, the agency said.
Write to Maria Martinez at [email protected]
(END) Dow Jones Newswires
January 29, 2021 04:09 ET (09:09 GMT)
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Dow Jones – German Jobless Claims Unexpectedly Fall in January