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German jobless drop far more than expected

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Staff Writer | March 1, 2019
Germany's jobless total fell far more than expected in February and retail sales surged in January, data showed on Friday.
German jobless
Europe   Household spending has become a key growth driver
The number of people out of work in Germany decreased by 21,000 to 2.236 million in February, seasonally-adjusted data from the Labour Office showed. That compared with the forecast for a drop of 5,000.

The unemployment rate remained at 5.0 percent, the lowest since German reunification in 1990.

Separate data from the Statistics Office showed German retail sales jumping by 3.3 percent on the month in January, marking their strongest rise since October 2016. But retail sales are a volatile indicator often subject to revision.


 

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