German Unemployment Rate Reaches Lowest Since Reunification in 1990

By Stephen Fuchs on Email @StephenWFuchs

BiZ

Germany’s unemployment numbers fell to their lowest point during the month of January, marking the lowest rate the country has seen since reunification in 1990, showing that the eurozone’s largest economy is holding strong despite widespread economic concerns throughout Europe.

The total number of registered unemployed citizens fell by 9,000 to 2.8 million during the month of January, bringing the unemployment rate down from 6.6 percent in December to 6.5 percent.

This is the fourth consecutive monthly drop, and signs show that the trend can easily continue, as Germany’s job market has been improving.

“The economic slowdown last summer, which Russia had triggered with its aggression against Ukraine in the spring, has not had any significant impact on German jobs growth,” Christian Schulz, of Berenberg Bank, explained after the release of the numbers on Thursday. “Nor has the introduction of the new national minimum wage on January 1, 2015.”

 

Sources: AFP
Photo: Bundesagentur für Arbeit

Stephen Fuchs
Stephen founded German Pulse and LGBT Germany out of a passion to introduce Americans to a Germany that goes beyond beer and polka (although with enough beer he has been known to polka it up a bit). He's a coffee addict, lover of wine and good times, a hit in the kitchen and editor of TV commercials. You can follow him on Twitter (@StephenWFuchs) to find out a lot more.
Stephen Fuchs on EmailStephen Fuchs on LinkedinStephen Fuchs on Twitter