- Title: German unemployment falls as expected in November
- Date: 30th November 2016
- Summary: COLOGNE, GERMANY (FILE) (REUTERS) EXTERIOR OF EMPLOYMENT OFFICE VARIOUS OF PEOPLE QUEUING AT EMPLOYMENT COUNTER PERSON TALKING AT COUNTER SIGN FOR WHERE TO GO FOR BENEFITS VARIOUS OF MAN TALKING AT COUNTER
- Embargoed: 15th December 2016 11:18
- Keywords: Unemployment Germany labour market
- Location: NUREMBERG AND COLOGNE, GERMANY
- City: NUREMBERG AND COLOGNE, GERMANY
- Country: Germany
- Reuters ID: LVA0025AMZHCD
- Aspect Ratio: 16:9
- Story Text:German unemployment fell in line with expectations in November, keeping the jobless rate in Europe's biggest economy at a record low, data from the Federal Labour Office showed on Wednesday (November 30).
"The labour market developed in a broadly favourable way in November," Frank-Juergen Weise, head of the Federal Labour Office, said.
He added: "Unemployment decreased further and demand for new workers continued to develop at a high level. The employment level has, however, stagnated recently."
The seasonally adjusted jobless total fell by 5,000 to 2.658 million, the Labour Office said. That was in a line with a consensus forecast in a Reuters poll.
The adjusted unemployment rate remained at 6.0 percent, the lowest level since German reunification in 1990.
The election of Donald Trump to the U.S. presidency will likely have an effect on the German labour market, but was still to early to call, Weise said.
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