Fall in German Unemployment Was Positive, But Turning Point Remains Distant -- Market Talk

Dow Jones11-28

1048 GMT - German unemployment falling in November was a surprisingly positive outcome, Carsten Brzeski at ING says. "Today's labour market numbers will bring some relief, at least in the political debate," he says. Still, since reaching a low of 2.2 million in May, unemployment has risen by about half a million. Recruitment in manufacturing and services has weakened further, while vacancies have slumped to pandemic-era lows, Brzeski says. A prolonged worsening of the German labor market makes a turning point looks distant, spelling further pain for private consumption numbers, he says. Retail sales dropped 0.3% in October. (don.forbes@wsj.com)

(END) Dow Jones Newswires

November 28, 2025 05:49 ET (10:49 GMT)

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Still, since reaching a low of 2.2 million in May, unemployment has risen by about half a million. Recruitment in manufacturing and services has weakened further, while vacancies have slumped to pandemic-era lows, Brzeski says. A prolonged worsening of the German labor market makes a turning point looks distant, spelling further pain for private consumption numbers, he says. Retail sales dropped 0.3% in October. 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