Economics
German Joblessness Falls in Sign of Confidence in Growth Rebound
- Number of people out of work slides 12,000 vs. estimated 7,000
- Unemployment rate holds at 4.9%, lowest since reunification
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German unemployment continued its decline, suggesting companies are keeping faith in the prospects for Europe’s largest economy.
The number of jobless people fell 12,000 in April, more than economists expected, to 2.22 million. The labor agency said demand for workers continues to be very high.