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German unemployment rate hits record low

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German unemployment rate hits record low
FILE PHOTO: Workers at the coal power plant Scholven of German energy utility company Uniper handle parts of a machine in Gelsenkirchen, Germany, September 28, 2018. REUTERS/Thilo Schmuelgen   -   Copyright  THILO SCHMUELGEN(Reuters)
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BERLIN (Reuters) – Germany’s jobless numbers fell by more than expected in November, pushing the unemployment rate to a record low, data showed on Thursday.

The figures underline the strength of a labour market that has been supporting a consumption-led growth cycle, which is weakening as Germany’s exporters feel the brunt of trade frictions.

The Federal Labour Office said the seasonally adjusted jobless total fell by 16,000 to 2.276 million. That was more than the forecast drop of 10,000.

The unemployment rate dropped to 5 percent, the lowest since German reunification in 1990.

(Reporting by Joseph Nasr; Editing by Michelle Martin)

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