German unemployment falls more than expected in March

BNC 2017-03-31

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German unemployment fell by more than expected in March, data from the Federal Labour Office showed on Friday (March 31), signalling that the robust labour market will continue to be the foundation for growth in Europe's largest economy.

The seasonally adjusted jobless total fell by 30,000 to 2.556 million, the Labour Office said. That was more than the predicted fall of 10,000 in a Reuters poll.

The adjusted unemployment rate fell to 5.8 percent from 5.9 percent in February, reaching the lowest level since German reunification in 1990.

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