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German jobless total falls

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German jobless total falls
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German unemployment fell more than expected in April in another sign of strength from Europe’s largest economy.

The total number of people out of work fell by 132,000 to 3.08 million in figures that were not adjusted for seasonal factors, which is the headline number in Germany.

Separate data showed German firms hiring 39,000 more employees in March.

Seasonally adjusted figures from the Federal Labour Office showed the number of jobless fell by 37,000, bringing the total to 2.97 million, its lowest point since June 1992.

The adjusted jobless rate held steady at 7.1 percent – its lowest point since figures for a unified Germany were first published two decades ago.

In contrast with the depressed economic picture in many other parts of Europe, it remains on a firm growth path.

Such is the mood that Berlin this month hiked its growth forecast for 2011 to 2.6 percent, saying rising spending by consumers who are less worried about losing their jobs had marked a turning point and put economic expansion on a strong footing.

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