Mubasher: The Federal Employment Agency on Wednesday announced that the number of unemployed in Germany’s labor market declined 5.2% month-on-month in May, against expectations, from 5.3% in April.
Jobless rate went down by 11,000 in May, hitting the lowest level since January 1992, the official data showed.
Economists in Wall Street Journal had expected a fall in jobless number by 10,000 in May, according to MarkeWatch.
"The positive trend in the labor market continues, albeit less pronounced than in the winter months," Detlef Scheele, the head of the agency, commented.
Early in May, the Federal Statistical Office posted that Germany's annualised growth rate slowed to 1.2% in the first quarter of 2018 from 2.5% in Q4-17.
Source: Mubasher
All Rights Reserved - Mubasher Info © 2005 - 2018 Provided by SyndiGate Media Inc. (Syndigate.info).
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
