Germany's unemployment dropped unexpectedly but the overall jobless rate remained unchanged in October, data from the Federal Employment Agency showed Thursday.
The number of people out of work decreased 1,000 from the prior month, confounding expectations for an increase of 8,000. This followed an increase of 13,000 in September.
The jobless rate held steady at 6.3 percent in October, as expected.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.