Quantcast

Mar 1, 5:05 AM EST

German labor market remains strong with 5.9 pct jobless rate


Latest Business News
McDonald's lays out plan it hopes can reverse drop in visits

Fed survey finds economy growing at moderate pace

US stocks surge; Dow marks first time above 21,000 points

US factories grew last month at fastest pace since 2014

US construction spending drops 1 percent in January

Multimedia
A district summary of the Beige Book
Measuring economic stress by county nationwide
Mall malaise: shoppers browse, but don't buy
Unemployment by the numbers
Family struggles with father's unemployment
Saying an affordable goodbye
Hard times hit small car dealer
Latest Economic News
Puerto Rico governor wants fewer austerity measures

US factories grew last month at fastest pace since 2014

10-country summit in Pakistan ends on call for closer ties

Midwest survey suggests manufacturing boosting economy

ECB official: Stimulus lowers incentive to cut deficits

German labor market remains strong with 5.9 pct jobless rate

Australia avoids recession with growth in December quarter

US economy grew at weak 1.9 percent rate in 4th quarter

5 things analysts and investors want to hear in Trump speech

Egyptians bear down under worst inflation in a decade

Interactives
Greece's Debt Threatens to Spread
State budget
gaps map
Auto industry problems trickle down, punish Tennessee county
Women give old Derby hats a makeover in tough economy
S.C. town deals with highest unemployment in South
How mortgages were bundled and sold as securities
Tracking the $700 billion financial bailout
Tracking the year's job losses
State-by-state foreclosures since 2007
Credit crisis explained
Presidents and their economic legacies
Lexicon of the financial crisis
Americans' addiction to debt
Interactive
Berlin Wall: 20 Years Later

BERLIN (AP) -- Germany's labor market remained strong in February with the unemployment rate remaining at its lowest level since the reunification of the country in 1990.

The Federal Labor Agency said Wednesday that the number of people out of work fell by a greater-than-expected 14,000 for the month, leaving the seasonally adjusted unemployment rate unchanged at 5.9 percent. Economists had forecast a drop of 10,000 jobless.

In unadjusted terms the rate remained unchanged at 6.3 percent; good news for the government in an election year.

Frank-Juergen Weise, the head of the labor office, said that "the labor market continues to develop positively."

In all, 2.76 million people were registered as unemployed in February, 149,000 fewer than the same month a year ago.

© 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.