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.”
Photo: Bundesagentur für Arbeit