German Unemployment Rate Falls to Record Before ECB Meeting
- Number of jobless fell by 11,000 in May vs estimated 5,000
- Unemployment rate drops to 6.1%, lowest since reunification
Inside the State of the German Economy
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German unemployment declined more than economists estimated, pushing the jobless rate to the lowest level since reunification.
The number of people out of work fell by a seasonally adjusted 11,000 to 2.695 million in May, data from the Federal Labor Agency in Nuremberg showed on Tuesday. The median estimate in a Bloomberg survey was for a decline of 5,000. The jobless rate dropped to 6.1 percent.