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Big drop in German jobless rate

German demand for labour remains high
German demand for labour remains high

Official figures show that German unemployment fell sharply in September to 6.6%, mainly due to seasonal factors.

The Federal Labour Agency said the number of people out of work was down by 149,000 from August to September, and down by 231,000 year-on-year to stand at 2.79 million.

Adjusted for seasonal effects, unemployment was down by 26,000 over the month, a much bigger decrease than the figure of 10,000 expected by economists. In August, the jobless rate stood at 7%.

"The situation on the labour market continued to improve in September. Demand for labour remains high," said labour agency chief Frank Weise.