German unemployment remains low, economy strong

BERLIN — Government figures show Germany's unemployment rate remained unchanged in April as the labor market in Europe's largest economy stayed strong.

The Federal Labor Agency said Friday that the unemployment rate remained at 5.3 percent when adjusted for seasonal factors.

In real terms, the number of unemployed people dropped 74,358 for a total of 2.38 million jobless in April. That brought the unadjusted unemployment rate down to 5.3 percent from 5.5 percent the previous month.

Germany's economy has been posting solid growth, though there have been recent signs of concerns from businesses and consumers about what the possibility of a trade war with the U.S. might mean.

Must Read

US says NAFTA talks are progressing very slowly

Jan 29, 2018

U.S. Trade Rep. Robert Lighthizer says talks to rewrite the North American Free Trade Agreement are...

Burkinis, economy top items in French...

Aug 28, 2016

The national identity crisis exposed by France's burkini controversy is threatening to set the tone...

French presidential candidates seek votes from...

Feb 28, 2017

French far-right presidential candidate Marine Le Pen is admiring cows and promising new, improved...

French candidate Fillon wants united Europe, not...

Apr 6, 2017

Conservative French presidential candidate Francois Fillon is campaigning for a tougher united...

The Latest: Trump calls France's Macron to offer...

May 8, 2017

U.S. President Donald Trump has called French President-elect Emmanuel Macron to congratulate him

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!