German jobless rate falling even with one million refugees

Frankfurt

MORE than one million refugees later, German unemployment is still falling.

Europe's largest economy is defying concerns that the mass arrival of people from war-torn countries including Syria and Iraq over the past two years would lift joblessness and hurt growth. Instead, labour is the tightest in more than a quarter of a century and output increased in 2016 at the fastest pace in five years, bolstered by private consumption and government expenditure on migrants.