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The number of jobless people in Germany during the month of September rose for the first time this year, a sign of concern that the United Kingdom’s exit from the European Union has yet not cooled off within the economic premises of the country, largely affecting businesses and investment.
Germany’s number of people out of work increased by seasonally adjusted 1,000 to 2.68 million (median forecast was for a decline of 5,000), data released by the Federal Labor Agency in Nuremberg showed Thursday. Further, the rate of unemployment rate held at a record-low of 6.1 percent, lowest since reunification, the data showed.
Moreover, the number of people out of work rose by 5,000 in western Germany, while the number of people out of work fell by 3,000 in eastern Germany. Also, the labor agency said that demand for workers remains high in the country.
"The headline was tainted by the first increase in German unemployment claims in a year, but the trivial rise does not change the underlying story of a still-tight labour market," Pantheon Macroeconomics said in a recent research note.
