German Unemployment Falls for Third Month as Growth Picks Up
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German unemployment fell for a third month in February, declining more than economists predicted, as companies became more confident in the recovery in Europe’s largest economy.
The number of people out of work decreased by a seasonally adjusted 14,000 to 2.914 million, after falling by 28,000 the previous month, the Nuremberg-based Federal Labor Agency said today. Economists forecast a decline of 10,000, according to the median of 30 estimates in a Bloomberg News survey. The adjusted jobless rate was 6.8 percent, unchanged from January and at a two-decade low. Separate figures showed euro-area economic confidence unexpectedly increased.