German jobless rate stays at record low in May
[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
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Central banks will probably only cut half as much as they hiked
US consumer sentiment falls as inflation expectations climb
HSBC wins £1.3 billion suit over Disney film finance scandal
WTO countries to reboot dispute reform negotiations
Fed’s preferred core inflation gauge rose at a brisk pace in March
Thames water crisis risks £100 billion UK investment plan