German Unemployment Slides to Record Low as Economy Booms
- Number of people out of work falls 30,000, most since 2011
- Jobless rate declined to record-low 5.8 percent in March
An employee weighs slices of 'The Comforter' bubble bath roll during manufacture at the Lush Cosmetics Ltd. hand made cosmetics factory in Duesseldorf, Germany, on July 19, 2016.
Photographer: Jasper Juinen/BloombergThis article is for subscribers only.
German unemployment fell by the most since 2011, pushing joblessness to a record low as Europe’s largest economy powers ahead.
The number of people out of work slid by a seasonally adjusted 30,000 to 2.6 million in March, and the rate dropped to 5.8 percent from 5.9 percent, data from the Federal Labor Agency in Nuremberg showed on Friday. Economists in a Bloomberg survey forecast a 10,000 decline in the number of jobless and no change in the rate.