UPDATE 1-German unemployment at 16-yr low, but rise looms

Newswire

(Adds quotes, background) BERLIN, Oct 30 (Reuters) - German unemployment fell more sharply than expected in October, pushing the jobless rate down to a new 16-year low, but a steady three-year improvement in the labour market appears set to reverse in coming months. The Federal Labour Office said on Thursday that in addition to a 26,000 drop in the seasonally adjusted total, the politically-sensitive unadjusted number had dipped by 84,000 and was now beneath the 3 million threshold. As ...

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