Germany in April – Unemployment falls for a fifth consecutive month

German unemployment fell for a fifth consecutive month in April, Labor Office data showed on Wednesday, underlining the resilience of the job market in Europe’s largest economy and boding well for domestic demand. 

The number of people out of work decreased by 25,000 in seasonally adjusted terms to 2.872 million. That compared with a Reuters consensus forecast for a drop of 10,000.

“Germany’s jobs boom has intensified again, after a bit of a lull during the euro crisis,” said Christian Schulz, senior economist at Berenberg Bank.

“That is noteworthy as the effect of the mild weather, which may have boosted the jobs market in the winter, should have faded in April.”

via German unemployment falls far more than forecast in April | Reuters.