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Unemployment in Germany dips to 25 yrs low

Unemployment rate fell month-on-month by 0.2 points to 6.3 percent, a report says

Policy Pulse
Publish Date: Apr 29 2016 2:54PM | Updated Date: Apr 29 2016 2:55PM

Unemployment in Germany dips to 25 yrs low

 Number of unemployed people in Germany continued to dip in April to a historic 25 years low.

 
According to data published by the German Federal Employment Agency on Thursday, the number of unemployed people in Germany dropped from March to April by 101,000 to 2.7 million, marking a 25 years' low, Xinhua news agency reported. 
 
Unemployment rate fell month-on-month by 0.2 points to 6.3 percent, the agency said.
 
Seasonally-adjusted unemployment in Germany fell by 16,000 from the previous month. Compared to last year, 99,000 fewer people were registered as unemployed.
 
Decline in April this year was slightly stronger than the average of the past three years. 
 
However, German banking economists forecast no change in the seasonally adjusted number.