German Jobless Rate at Record Low as Confidence Improves
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German unemployment fell and the jobless rate reached a record low as businesses and investors become more confident that Europe’s largest economy will keep growing.
The number of people out of work fell a seasonally adjusted 14,000 to 2.87 million in November, the Federal Labor Agency in Nuremberg said today. Economists forecast a decline of 1,000, according to the median of 34 estimates in a Bloomberg News survey. The adjusted jobless rate was 6.6 percent, matching the revised number for the previous month and marking the lowest level in records going back more than two decades.