German Unemployment Drops for Fourth Month as Growth Strengthens
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German unemployment fell for a fourth month in January, signaling that growth in Europe’s largest economy is strengthening.
The number of people out of work declined a seasonally adjusted 9,000 to 2.84 million, the Federal Labor Agency in Nuremberg said on Thursday. Economists predicted a drop of 10,000, according to the median of 25 estimates in a Bloomberg News survey. The adjusted jobless rate was 6.5 percent, the lowest level in records going back more than two decades.