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German Joblessness Fell More Than Forecast in January

German unemployment declined more than forecast in January as companies grew more confident in the strength of Europe’s largest economy.

The number of people out of work decreased by a seasonally-adjusted 28,000 to 2.93 million, after falling a revised 19,000 in December, the Nuremberg-based Federal Labor Agency said today. Economists predicted a drop of 5,000, according to the median of 34 estimates in a Bloomberg News survey. The adjusted jobless rate unexpectedly fell to 6.8 percent, unchanged from a revised December figure and matching the lowest rate in at least two decades.