Economic Buzz: German Unemployment Rates Dips To 5%

2 Mar 2022 , 03:17 PM

German unemployment dropped further in February, data from the Federal Labor Agency on Wednesday. The number of people out of work decreased by 33,000 from January. The jobless rate fell to 5% in February from 5.1% in the previous month. Earlier in the day, data published by Destatis showed that about 1.38 million people were unemployed in January, down by 354,000, or -20.4% compared with January 2021. The unemployment rate came in at unadjusted 3.2% compared to 4.1% in the previous year.

Powered by Commodity Insights