Economy
Germany's jobless rate drops to record low as economy booms
The number of unemployed falls by 29,000 last month, more than twice the median estimate in a Bloomberg survey of economists.
Germany’s unemployment rate fell to a record low as the number of people out of work slid for a sixth month, signaling that Europe’s largest economy is continuing to boom despite a slight softening in business confidence.
The jobless rate was 5.5% in December, and the previous month’s rate was revised down to the same level, the Federal Labour Agency in Nuremberg said on Wednesday.
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