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Germany – Unemployment to historic low

The number of unemployed people in Germany fell for the ninth consecutive month in June, dropping to a level unseen since the country reunited about 25 years ago. Also, the number of job vacancies rose to new heights.Germany

The current acceleration of business activity in Europe’s largest economy created 50,500 new jobs in June, driving down the German nominal unemployment rate from 6.3 percent in May to 6.2 percent in June, according to new figures published by the German Labor Agency (BA) on Tuesday.

BA data for June showed that about 2.71 million Germans were looking for work – the lowest number since December 1991, about a year after German reunification.

In terms adjusted for seasonal variations, however, the number of unemployed fell only by about 1,000 to 2.78 million – slightly fewer than expected by analysts.

The German economy is expected to have picked up steam in the second quarter after a brief slowdown in the first three months of 2015.

Chosen excerpts by Job Market Monitor. Read the whole story at German unemployment falls to historic low | Business | DW.COM | 30.06.2015.

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