German Jobless Claims Fall in December, Beating Expectations

German jobless claims fell again in December, even as analysts had expected an increase amid a second national lockdown.

Jobless claims declined by 37,000 after falling by a revised 40,000 in November, the Federal Employment Agency said Tuesday. Economists polled by The Wall Street Journal had forecast an increase of 5,000.

The adjusted unemployment rate remained unchanged at 6.1% in December, the agency said. This is in line with the forecast by economists polled by The Wall Street Journal.

The number of registered job vacancies stood at 581,000 in December, down 105,000 on year, the agency said.
Source: Dow Jones