Unemployment in Germany falls to 25 years low….reports Asian Lite News
The number of unemployed people in Germany continued to decline in April to a historic 25 years low.
According to data published by the German Federal Employment Agency on Thursday, the number of unemployed people in Germany dropped from March to April by 101,000 to 2.7 million, marking a 25 years’ low, Xinhua news agency reported.
The unemployment rate fell month-on-month by 0.2 points to 6.3 percent, the agency said.
Seasonally-adjusted unemployment in Germany fell by 16,000 from the previous month. Compared to last year, 99,000 fewer people were registered as unemployed.
The decline in April this year was slightly stronger than the average of the past three years.
However, German banking economists forecast no change in the seasonally adjusted number.
The agency’s chief Frank Juergen Weise said more posts in chiefly outdoor jobs during spring helped reduce unemployment in Germany.