• Germany unemployment rate stabilized in February at 5%

Market news

1 March 2019

Germany unemployment rate stabilized in February at 5%

According to the report from Federal Employment Agency, the unemployment rate remained at 5.0 percent in February, the lowest since German reunification in 1990.

Data also showed, jobless total fell far more than expected in February, boosting expectations that private consumption will underpin growth in Europe's largest economy this year. The number of people out of work decreased by 21,000 to 2.236 million, seasonally-adjusted data showed. That compared with the forecast for a drop of 5,000 and decreased by 2,000 in January

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