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German jobless rate slips to 4.9% in September

BERLIN (AP) — Germany's unemployment rate slid to 4.9% in September, helped by a traditional uppick in hiring after the summer vacation. The Federal Labor Agency said Monday that the unadjusted jobless rate — the headline figure in Germany — declined from 5.1% in August. Some 2.234 million people were registered as unemployed, 85,000 fewer than the previous month and 22,000 fewer than a year earlier.

In seasonally adjusted terms, the unemployment rate was static at 5% for the fifth consecutive month. Germany, Europe's biggest economy, has seen gloom over its outlook increase over recent months. The economy contracted slightly in the April-June period and is considered likely to shrink again in the current quarter, which would put it in a technical recession.

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