FRANKFURT, Hesse: German unemployment registered a small unexpected rise in August, as government-sponsored job schemes were wound down, but the labor market remains stable overall, official data showed on Thursday.
With less than a month to go before the German general elections, the Federal Labor Office calculated that the number of people registered as unemployed in Europe’s top economy increased this month.
But analysts believed the figures were nothing for Chancellor Angela Merkel to worry about in her bid for reelection on September 22.
According to the labor office data, the jobless total edged up by 7,000 to 2.943 million in seasonally adjusted terms in August. Analysts had been expecting a drop of around 5,000.
Nevertheless, the unemployment rate—which measures the proportion of people out of work compared with working population as a whole—was unchanged at 6.8 percent this month in seasonally adjusted terms, the Federal Labor Office said.