German jobless rate slips to 5.1 percent in March

A cargo vessel passes along the river Main, with buildings of the banking district in background, in Frankfurt, Germany, as the sun sets Monday, March 18, 2019. (AP Photo/Michael Probst)

BERLIN — Germany's unemployment rate has slipped to 5.1 percent, with the labor market benefiting from a traditional springtime rebound despite a less rosy outlook for Europe's biggest economy.

The Federal Labor Agency said Friday that the unadjusted jobless rate was down from 5.3 percent in February. In all, 2.301 million people were registered as unemployed — 72,000 fewer than the previous month and 157,000 less than a year earlier.

The agency said the post-winter rebound was stronger than usual and the labor market was "robust" in the face of weak recent economic data and a string of lower economic forecasts.

In seasonally adjusted terms, the unemployment rate slipped to 4.9 percent after four consecutive months at 5 percent.

Must Read

Planned racing ad on sails of Sydney Opera House...

Oct 8, 2018

A plan to project a horse racing advertisement on the famed sails of the Sydney Opera House is...

Australia's largest banks may face prosecution...

Feb 4, 2019

Australia's largest banks may face prosecution after probe finds impunity toward widespread...

Australian election May 18 to be fought on...

Apr 11, 2019

Australia's prime minister calls a May 18 election that will be fought on issues including climate...

Canada determined to diversify despite Keystone...

Mar 25, 2017

Canada's natural resource minister says his government is happy the Keystone XL pipeline has...

Issues remain as 3rd round of NAFTA talks wraps...

Sep 27, 2017

Contentious issues remain in NAFTA renegotiations as the U.S., Canada and Mexico conclude a third...

About Us

Banking Reporter is the largest-circulated online business news in the United States, bringing a whole new genre of business journalism more up close and more incisive.

Contact us: sales[at]bankingreporter.com

Subscribe Now!