Germany’s Jobless Rate Remains at Lowest in Two Decades
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Germany’s unemployment held at the lowest in more than two decades in February, adding to signs Europe’s largest economy is regaining some strength after shrinking in the fourth quarter.
The adjusted jobless rate held at 6.8 percent from January, the Nuremberg-based Federal Labor Agency said today. That’s the lowest since Germany’s reunification. The number of people out of work remained at 2.87 million after declining 26,000 in the previous month. Economists forecast a drop of 5,000 this month, the median of 29 estimates in a Bloomberg News survey showed.