Germany’s unemployment rate declined to a record low at the start of the year, reflecting an improvement in the labor market after the euro area’s biggest economy expanded the most in three years during 2014.
The jobless rate dropped to a seasonally adjusted 6.5 percent in January from a revised 6.6 percent in December, the Federal Labor Agency reported Thursday. That was in line with economists’ forecast.
The number of people out of work decreased by 9,000 in January to 2.836 million. It was forecast to fall by 10,000.
Chosen excerpts by Job Market Monitor. Read the whole story at German January Unemployment Rate At Record Low.
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