
German unemployment remained at historically low levels in August as the recovery in Europe's biggest economy continued on track, data showed on Tuesday.
The number of people registered as unemployed in Germany fell by a seasonally-adjusted 7,000 to 2.79 million, the lowest level since December 1991, the Federal Labour Office said.
That was slightly more than expected, as analysts had been pencilling in a decline of around 5,000.
The unemployment rate -- which measures the jobless total against the working population as a whole -- stood at 6.4 percent in August, unchanged from July and the lowest level since west and east Germany reunited in 1990 after the fall of the Berlin Wall the previous year.
In raw or unadjusted terms, the jobless total increased by 22,900 to 2.796 million and the unemployment rate edged up to 6.4 percent in August from 6.3 percent in July, the labour office noted.
But unemployment tends to rise in the summer months as school leavers sign on for the summer holidays.
Growth of German domestic product (GDP) picked up in the second quarter, the labour office said.
"The moderately positive upwards trend is continuing... (and) the labour market continues to develop favourably," it said.
GMT 14:02 2018 Sunday ,02 December
RDIF says $2 billion will be invested in Russian economy from joint Russian-Saudi fundGMT 12:03 2018 Friday ,30 November
Canada on track to sign new free trade deal with US and MexicoGMT 07:56 2018 Wednesday ,21 November
Merkel policies in focus in final debate on draft German budgetGMT 14:11 2018 Thursday ,08 November
Greek minister, Russian ambassador discuss possible investment projectsGMT 13:42 2018 Wednesday ,07 November
PM says Russian-Chinese trade turnover may reach $200 blnGMT 11:15 2018 Wednesday ,07 November
Top U.S. diplomat visits Pakistan to discuss economic cooperationGMT 13:53 2018 Thursday ,01 November
Alrosa to sell 127 large gem-quality rough diamonds at an auction in IsraelGMT 10:59 2018 Tuesday ,30 October
Trade turnover between Russia and Japan grows by over 17% in 2018Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor