Economic boom drives German unemployment to historic lows

dw.com ^ | February 28, 2018 | Reuters, AFP, dpa

[Berlin_Freeper]

The jobless rate in Germany declined to a new all-time low in February, underscoring the strength of the country's labor market that is fueling a consumption-led upswing in Europe's biggest economy.

The number of people without work in Germany fell by another 25,000 people in February, compared with the previous month, driving down the nominal unemployment rate from 5.8 percent to 5.7 percent.

According to the latest figures released by the German Federal Labor Agency (BA) on Wednesday, about 2.55 million people were registered as jobless, which was 216,000 fewer than in the same month a year ago.

[Berlin_Freeper]

Germany's statistics office has said the German state last year logged the highest annual surplus since the country reunited in 1990.

German inflation slowed more than expected to hit a 15-month-low in February, data showed on Tuesday, suggesting that price pressures in Europe’s largest economy are muted despite a robust upswing, rising wages and unprecedented monetary stimulus.

[DIRTYSECRET]

They need Moozlem labor. They would be better off with Mexicans. Turn them into Spaniards.

[DoughtyOne]

Every time I read a an article like this from Europe, I wonder how much Trump's new policies have helped out.

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[CrazyIvan]

BMW is one of the only motorcycle companies whose sales have increased in the last few years. Up about 7%.

[vpintheak]

I’m sure they don’t even count the “refugees” who are sponging off the system.

[central_va]

Ok, so wages are skyrocketing in Krautville, right?

[Sam Gamgee]

I’m always suspicious of German economic claims, since it is the epitome of the European socialist state. Germany takes cradle to the grave and then some. It’s socialist state must be a huge portion of the economy.