Germany's April jobless rate best in 20 years
Source: Agencies |
May 3, 2012, Thursday
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Print Edition
Print Edition
GERMANY'S unemployment rate fell to 7 percent last month with less than 3 million registered as jobless - the best April figure in 20 years, official figures showed yesterday.
Germany's labor agency says the jobless rate fell from 7.2 percent in March due to the continuing traditional springtime upturn and the country's robust economy.
A total of 2.96 million people were signed as unemployed in Europe's biggest economy, 65,000 fewer than in March and 115,000 fewer than a year ago, it said.
The April jobless rate last fell under the psychologically important barrier of 3 million in 1992, when 2.94 million were jobless as the country saw strong growth two years after it reunified with formerly communist East Germany.
In March, the most recent data available, 41.2 million were employed, up by 600,000 annually, it said.
Germany's labor agency says the jobless rate fell from 7.2 percent in March due to the continuing traditional springtime upturn and the country's robust economy.
A total of 2.96 million people were signed as unemployed in Europe's biggest economy, 65,000 fewer than in March and 115,000 fewer than a year ago, it said.
The April jobless rate last fell under the psychologically important barrier of 3 million in 1992, when 2.94 million were jobless as the country saw strong growth two years after it reunified with formerly communist East Germany.
In March, the most recent data available, 41.2 million were employed, up by 600,000 annually, it said.
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