Germany Unemployment Rate For October 5.8% Vs. 5.8% Est.; 5.7% Prior
Portfolio Pulse from Benzinga Newsdesk
Germany's unemployment rate for October remained steady at 5.8%, matching estimates but slightly higher than the previous month's 5.7%.
November 02, 2023 | 8:58 am
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The unemployment rate in Germany, which is tracked by the iShares MSCI Germany ETF (EWG), remained steady at 5.8% for October.
The iShares MSCI Germany ETF (EWG) tracks the performance of the German market. The steady unemployment rate indicates a stable labor market, which could influence investor sentiment towards the ETF. However, as this is just one of many economic indicators, the impact may not be significant.
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