Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
BERLIN (AP) — Germany's labor market remained strong in February with the unemployment rate remaining at its lowest level since the reunification of the country in 1990.
The Federal Labor Agency said Wednesday that the number of people out of work fell by a greater-than-expected 14,000 for the month, leaving the seasonally adjusted unemployment rate unchanged at 5.9 percent. Economists had forecast a drop of 10,000 jobless.
In unadjusted terms the rate remained unchanged at 6.3 percent; good news for the government in an election year.
Frank-Juergen Weise, the head of the labor office, said that "the labor market continues to develop positively."
In all, 2.76 million people were registered as unemployed in February, 149,000 fewer than the same month a year ago.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.