German unemployment increased only marginally in October and the jobless rate remained near a record low, despite sluggish economic activity. The number of people out of work increased by a seasonally adjusted 6,000 after falling a revised 9,000 in September, data from the Federal Employment Agency showed Wednesday. Economists had forecast a monthly rise of 3,000. The jobless rate held steady at 5...
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.