German unemployment declines as confidence improves

German unemployment unexpectedly declined in January for the first time in 10 months, adding to signs that Europe’s largest economy is gathering pace.

31st January, 2013
There are signs that Europe’s largest economy is improving.

German unemployment unexpectedly declined in January for the first time in 10 months, adding to signs that Europe’s largest economy is gathering pace.

The number of people out of work fell a seasonally adjusted 16,000 to 2.92 million, the Nuremberg-based Federal Labor Agency said today. The adjusted jobless rate dropped to 6.8 per cent, matching a two-decade low.

The Bundesbank said last week the economy appears to be recovering from its fourth-quarter slump, when gross domestic product...

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