- Title: German jobless rate hits new record low in May
- Date: 31st May 2017
- Summary: COLOGNE, GERMANY (FILE - JULY 30, 2015) (REUTERS) VARIOUS OF PEOPLE STANDING IN LINE AND SITTING IN WAITING ROOM AT EMPLOYMENT OFFICE
- Embargoed: 14th June 2017 12:15
- Keywords: unemployment labour market record employment
- Location: NUREMBERG, GERMANY
- City: NUREMBERG, GERMANY
- Country: Germany
- Topics: Economic Events
- Reuters ID: LVA0026J658JX
- Aspect Ratio: 16:9
- Story Text: The German unemployment rate dropped to a new record low in May, data showed on Wednesday (May 31), in another sign of the strength of the labour market in Europe's largest economy.
Data from the Federal Labour Office showed the seasonally adjusted jobless rate edged down to 5.7 percent from 5.8 percent, remaining at its lowest level since German reunification in 1990. Economists polled by Reuters had expected it to hold steady.
The number of people out of work decreased by 9,000 to 2.536 million. That was less than the predicted fall of 15,000 in a Reuters poll.
"The economic climate is good and accordingly the job market is continuing to develop well," Detlef Scheele, head of the Federal Labour Office, told reporters. "Employment is growing strongly and the demand for new workers is still at a very high level," he added.
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