German Joblessness Extends Decline as Growth Seen Picking Up
- Unemployment fell by 5,000 in November in line with forecast
- Country’s jobless rate unchanged at record low of 6.0%
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German unemployment continued to decline in November as Europe’s largest economy is poised to accelerate toward the end of the year.
The number of people out of work fell by a seasonally adjusted 5,000 to 2.658 million, data from the Federal Labor Agency in Nuremberg showed on Wednesday, in line with a forecast in a Bloomberg survey. The jobless rate remained unchanged at 6 percent, matching the lowest level since reunification.