German Unemployment At Record Low In December
January 04 2019 - 2:36AM
RTTF2
Germany's unemployment decreased more-than-expected expected in
December, and the jobless rate held steady at a record low, despite
the economy showing signs of a slowdown.
The number of unemployed dropped by 14,000, data from the
Federal Employment Agency showed on Friday. That was a bigger fall
than the 13,000 decrease economists had predicted. Joblessness had
decreased by 16,000 in November.
The seasonally adjusted jobless rate was 5 percent, unchanged
from November. In October, the rate was 5.1 percent.
Earlier in the day, figures from the Federal Statistical Office
showed that there were a seasonally adjusted 1.44 million
unemployed in November, which was about 9,200 persons less than a
month earlier. The ILO jobless rate was steady at 3.3 percent in
November.
The statistical office reported earlier this week that German
employment grew by 562,000 persons in 2018 to an annual average of
44.8 million, which is the highest since the reunification in
1991.
Employment thus increased for 13 years in a row.
Unemployment continued to decline in 2018, down by 130,000
persons or 8 percent to 1.49 million on an annual average. The ILO
jobless rate eased to 3.2 percent from 3.5 percent.
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