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Economy

project_bluebook

(411 posts) Thu Apr 30, 2015, 05:56 PM Apr 2015

German unemployment hits 24-year low, lowest level since west and east Germany reunited in 1990

The Business Times:

30 Apr4:15 PM

[FRANKFURT] German unemployment fell in April to the lowest level in 24 years as the recovery in Europe's biggest economy continues to pick up speed, data showed on Thursday.

The number of people registered as unemployed in Germany fell by a seasonally-adjusted 8,000 to 2.792 million, the Federal Labour Office said.

That was slightly fewer than expected, as analysts had been pencilling in a decline of around 10,000.

The unemployment rate - which measures the jobless total against the working population as a whole - stood at 6.4 per cent in April, unchanged from March and the lowest level since west and east Germany reunited in 1990 after the fall of the Berlin Wall the previous year.

http://www.businesstimes.com.sg/government-economy/german-unemployment-hits-24-year-low

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