German unemployment low amid strong labour market | iNFOnews | Thompson-Okanagan's News Source

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German unemployment low amid strong labour market

August 30, 2018 - 3:38 AM

BERLIN - The number of people without jobs in Germany dropped slightly in August as the labour market remained strong in Europe's largest economy.

The Federal Labor Office said Thursday that the number of unemployed dropped by 8,000 from July, according to seasonally adjusted figures, leaving the jobless rate unchanged at 5.2 per cent.

In unadjusted figures, the rate rose slightly to 5.2 per cent from 5.1 the previous month, with a total of 2.35 million people registered as unemployed.

IHC economist Timo Klein says the numbers show that "overall, the German labour market seems largely unfazed by growing international uncertainty since mid-2016 linked to Brexit and disruptive U.S. trade policies under President Trump."

News from © The Associated Press, 2018
The Associated Press

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