SUBSCRIBERS

Germany's jobless rate drops to record low as economy booms

Unemployment rate is 5.5% in Dec, while previous month's rate is revised down to the same level

Published Wed, Jan 3, 2018 · 09:50 PM

Munich

GERMANY'S unemployment rate fell to a record low as the number of people out of work slid for a sixth month, reflecting a boom in Europe's largest economy that could push up wages and inflation.

The jobless rate was 5.5 per cent in December, and the previous month's rate was revised down to the same level, the Federal Labor Agency in Nuremberg said on Wednesday. The number of unemployed plunged by 29…