German Unemployment Rate Remains At Record Low

Germany's jobless rate remained unchanged at a record low in February, the Federal Labor Agency reported Thursday.

The jobless rate came in at seasonally adjusted 6.5 percent in February, the same rate as seen in January and line with economists' expectations.

The number of people out of work fell by 20,000, while economists forecast a decrease of 10,000.

The labor market statistics from Destatis today showed that the jobless rate fell slightly to adjusted 4.7 percent in January from 4.8 percent in December.

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