German Unemployment up Unexpectedly in August
German unemployment registered a surprising rise in August, due to a scaling back of job creation schemes, official data showed on Thursday.
The number of people registered as unemployed in Europe's top economy rose by 7,000 in seasonally adjusted terms this month, the Federal Labor Office said in a statement, while analysts had been expecting a drop of around 5,000.
Nevertheless, the unemployment rate -- which measures the proportion of people out of work compared with working population as a whole -- was unchanged at 6.8 percent this month in seasonally-adjusted terms, the Federal Labor Office.
"This is mostly due to fewer relief measures in labor market policy," the office said.
In raw or unadjusted terms, the German jobless total rose by 32,600 to 2.946 million, while the unadjusted jobless rate was also steady at 6.8 percent, the office calculated.
Source: Agence France Presse
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