Germany / Unemployment rate down at 5%

Germany’s unemployment rate declined in January, figures published by the Federal Statistical Office revealed Thursday. 

The seasonally adjusted ILO unemployment rate dropped to 5 percent in January from 5.1 percent in December. In January last year, the jobless rate was 5.4 percent.

The number of unemployed persons in Europe’s largest economy decreased to around 2.14 million from about 2.17 million at the end of 2013. Year-on-year, unemployment fell by 6.6 percent.

Chosen excerpts by Job Market Monitor. Read the whole story at Germany January Unemployment Rate Drops To 5%.