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German Unemployment at Record Low as Women Lead Jobs Boom

  • Joblessness slid to seasonally-adjusted 2.73 million
  • Unemployment rate of 6.2% is lowest since reunification
Updated on

Germany’s unemployment rate unexpectedly fell to a record low in January, in a sign that economic sentiment in Europe’s largest economy is withstanding the tumult in global markets.

The jobless rate slid to 6.2 percent, the lowest level since German reunification, from 6.3 percent the previous month, data from the Federal Labor Agency in Nuremberg showed on Tuesday. The number of people out of work declined by a seasonally adjusted 20,000 to 2.73 million. Economists in a Bloomberg survey predicted a drop of 8,000.