BERLIN: Reunified Germany has never had so few people out of work. The data is another sign that Europe’s largest economy is expanding, galvanized by strong domestic demand.
Germany’s unemployment rate, which measures the number of jobless against the working population as a whole, dropped 0.1 percent to 2.932 million in March over one month prior – the lowest figure for this time of year in 24 years, the German Labor Agency (BA) said Tuesday.
It’s normal for unemployment to decrease with springtime thaws, as warmer weather allows companies in sectors like construction to hire more workers. But the robustness of Germany’s economic recovery was providing another source of momentum for the labor market.
The favorable trend in the labor market is continuing thanks to the strong economy and the onset of spring,” said BA head Frank-Jürgen Weise.
