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German jobless rate stays at record low in May

Tuesday, June 2, 2015 - 16:18

[BERLIN] Germany's unemployment rate remained at a record low in May, data showed on Tuesday, in a further sign that private consumption will propel growth in Europe's largest economy this year.

That was in line with the consensus forecast in a Reuters poll and was the lowest since German reunification in 1990.

Data from the Labour Office showed the number of people out of work decreased by 6,000 on a seasonally-adjusted basis to 2.786 million. That drop was slightly smaller than the 10,000 fall forecast in a Reuters poll.

REUTERS

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