Germany's unemployment rate rises more than expect

Aihuicha, November 2: data released by the German labor office on Thursday showed that Germany's unemployment rate increased more than expected in October, indicating a slowdown in the always flexible labor market. Data show that after seasonal adjustment, the number of unemployed people in Germany increased by 30000 to 2.678 million, and the unemployment rate rose to 5.8%. Andrea nahles, chairman of the German federal employment agency, said that despite the good performance this year, the German economy has been more or less stagnant. That is having an impact on the labor market. Germany had 749000 job openings in October, down 98000 from a year ago, indicating a slowdown in labor demand.