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German Jobless Falls for Fourth Month as Growth Picks Up

German unemployment fell for a fourth month in March as companies became more confident in the health of Europe’s largest economy.

The number of people out of work dropped by a seasonally-adjusted 12,000 to 2.9 million, after falling a revised 15,000 the previous month, the Nuremberg-based Federal Labor Agency said today. Economists forecast a decline of 10,000, according to the median of 31 estimates in a Bloomberg News survey. The adjusted jobless rate was unchanged at 6.7 percent after being revised down in February to the lowest in at least two decades.