German labor market strong with unemployment at 6.1 percent
Wed., Aug. 31, 2016
BERLIN – The number of Germans without jobs dropped slightly in August in seasonally adjusted terms, leaving the unemployment rate in Europe’s largest economy unchanged at 6.1 percent.
The Federal Labor Agency said Wednesday that the number of unemployed dropped by 7,000 in August over July, slightly more than the decline of 4,000 expected by economists.
In unadjusted terms, a total of 2.684 million people were jobless in August, up 0.1 percentage point from the previous month for an unemployment rate also of 6.1 percent.
That was 111,000 fewer than in August 2015, reflecting ongoing strength in the German labor market.
Labor Agency head Frank-Juergen Wiese says “overall the labor market has again developed well.”
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