AFP, Frankfurt :
Unemployment in Germany hit a new record low in March, official data showed Friday, as Europe’s largest economy continues to defy economic uncertainty with a strong performance.
The out-of-work figure fell to 5.8 percent this month, the Federal Labour Agency said, beating analysts’ forecasts.
A 0.1-percentage point fall from the level it had held since January placed it at a new all-time low since German reunification in 1990.
“The number of unemployed sank significantly as spring begins to breathe life into the economy,” said the agency’s chief Detlef Scheel in a statement. “Growth in employment is holding steady and demand from companies for new employees remains high.”
Unemployment in Germany hit a new record low in March, official data showed Friday, as Europe’s largest economy continues to defy economic uncertainty with a strong performance.
The out-of-work figure fell to 5.8 percent this month, the Federal Labour Agency said, beating analysts’ forecasts.
A 0.1-percentage point fall from the level it had held since January placed it at a new all-time low since German reunification in 1990.
“The number of unemployed sank significantly as spring begins to breathe life into the economy,” said the agency’s chief Detlef Scheel in a statement. “Growth in employment is holding steady and demand from companies for new employees remains high.”
