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3 Numbers to Watch: US Durable Goods, US Jobless Claims, German Unemployment
The number of jobless claimants in Germany is set to rise for a fourth consecutive month in September as growth in the Eurozone's largest economy continues to dwindle. The number of new claimants are expected to rise by 10,000, according to a consensus of analysts, from an increase of 9,000 in August. Recent surveys like the German IFO index point to a decline in business sentiment as the source of the recent labour market weakness. The index fell unexpectedly in September with the outlook over the next six months also looking rather grim. However, one could argue that the unemployment rate in Germany - which is ... (full story)