Surprise #5 - Germany Jobless Falls

1st December - Surprise Value 7.3 /10

What Happened:   

Why it Matters: 

What Happens Next? 

• Germany  Nov Unemployment Surprises Down 13k mom sa and Unemployment Rate Down 0.1pt to Record Low of 6.3% sa
• Unemployment Down 13ksa to 2.722mn sa
• Before Adjustments Unemployment Down 16.1k, with W Germany Down 14.1k and E Germany Down 2k
• Unemployment Rates: W Germany Down 0.1pt to 5.4% nsa, E Germany Down 0.1pt to 8.5% nsa