Overview
- Registered unemployment fell by 44,000 from September to 2.911 million, yet it remained 120,000 higher than a year earlier, with the rate at 6.2 percent.
- The Federal Employment Agency reported 623,000 open vacancies in October, down by about 66,000 year on year, and Andrea Nahles called the seasonal pickup "schwunglos."
- Destatis said employment edged down on a seasonally adjusted basis in September and confirmed that GDP was flat in the third quarter.
- The training market tightened as agencies logged 494,000 apprenticeships and 444,000 applicants, leaving 54,000 positions unfilled and about 40,000 young people without placements.
- Regional data showed small monthly declines in joblessness in states such as North Rhine-Westphalia and Bavaria, but several areas still posted higher levels than last year and weaker employer demand.