Skip to content
Subscriber Only

German Unemployment Falls in Sign Domestic Demand to Stay Robust

  • Joblessness remained at lowest since reunification in December
  • Private spending continues to lead German economic growth

German joblessness fell more than economists anticipated in December in a sign that economic momentum will continue to be underpinned by household spending.

The number of people out of work declined by a seasonally adjusted 14,000 to 2.757 million, the Federal Labor Agency in Nuremberg said on Tuesday. Economists in a Bloomberg survey predicted a drop of 8,000. The unemployment rate remained unchanged at 6.3 percent, the lowest level since German reunification.