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German Unemployment Rate Falls In February

Unemployment rate in Germany declined in February, data released by the Federal Statistical Office showed Thursday.

The unadjusted unemployment rate fell to 5.9 percent in February from 6.3 percent in January. In February 2011, the jobless rate was 6.6 percent.

The number of unemployed persons fell to 2.49 million in February from 2.66 million in the preceding month. The employment rate remained almost steady at 62.8 percent compared to 62.5 percent in January.

On an adjusted basis, unemployment rate remained unchanged at 5.7 percent. However, the rate fell from 6.3 percent last year. The adjusted employment rate was 63.1 percent compared to 63.2 percent a month earlier.

A total of 41.1 million persons were in employment in February, 1.4 percent higher than last year. This was the same growth rate as in January. On a month-on-month basis, employment rose 0.1 percent.

by RTT Staff Writer

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