Germany's gross domestic product will expand by 3.7 percent this year, according to five economic think tanks, revising down more optimistic predictions by one percentage point.
An additional 436,696 people, not seasonally adjusted, filed claims under PUA program aiding freelance workers, bringing total new applications to nearly 1.2 million.
The unemployment rate fell to 6.9% from 7.9% in September. Economists polled by Reuters had forecast payrolls advancing by 600,000 jobs in October and the jobless rate dipping to 7.7%.
The new claims were a decrease of only 60,000 from the week prior and brought the total since the business shutdowns began in mid-March to more than 47.2 million.
"Filings remain elevated, perhaps reflecting companies' inability to maintain their wor