German Unemployment Declines as Confidence in Economy Improves
- Number of people out of work falls 14,000 vs est. 10,000 drop
- Jobless rate remained at record-low 5.9 percent in February
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German unemployment continued to decline in February as companies expressed confidence in the outlook for Europe’s largest economy.
The number of people out of work fell by a seasonally adjusted 14,000 to 2.59 million, data from the Federal Labor Agency in Nuremberg showed on Wednesday. Economists in a Bloomberg survey forecast a decline of 10,000. The jobless rate remained at 5.9 percent, the lowest level since reunification.