German Unemployment Declines as Economy Poised for More Growth

German Unemployment Declines as Economy Poised for More Growth

German unemployment fell to a new record low as Europe’s largest economy continued to power ahead. The jobless rate dropped to 5.7 percent in May from 5.8 percent, data from the Federal Labor Agency in Nuremberg showed on Wednesday. The number of people out of work slid by a seasonally adjusted 9,000 in May to 2.54 million, compared with a decline of 15,000 forecast in a Bloomberg survey.

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