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2.8m Germans Unemployed

2.8m Germans Unemployed2.8m Germans Unemployed

In April, German unemployment hit its lowest level for the month since 1991 as accelerating economic activity boosted hiring in Europe’s largest economy. The domestic labor market will remain strong, officials say, DW reported. According to latest German unemployment data released on Thursday, the number of people officially registered as jobless fell for the seventh consecutive month in April reaching 2.843m, down by 88,660 compared with March. The unemployment rate, measuring the jobless total against the working population as a whole, fell to 6.5% in April from 6.8% in the previous month – the lowest April level since German reunification in 1990 after the fall of the Berlin Wall.

In seasonally-adjusted terms, joblessness in Europe’s largest economy fell by 8,000 to 2.792m people, the Federal Labor Office (BA) said. That was slightly fewer than expected by analysts, who had predicted a decline by about 10,000.

 

Financialtribune.com