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German Unemployment Falls Further as Business Outlook Brightens

  • Joblessness slipped 15,000 in April vs estimated 11,000 drop
  • Unemployment rate remained unchanged at record-low 5.8%

German unemployment extended its four-year decline last month, suggesting companies are confident that momentum in Europe’s largest economy remains strong.

The number of people out of work slid by a seasonally adjusted 15,000 to 2.543 million in April, data from the Federal Labor Agency in Nuremberg showed on Wednesday. Economists in a Bloomberg survey forecast an 11,000 decline. The jobless rate was unchanged at 5.8 percent.