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Germany's unemployment to 6.1%

Germany's unemployment rate declined to 6.1%, more than the initial estimations, amid the jobless rate falling to its lowest zone for the last 25 years or more, thus boosting the expectations that the nation's growth will expand, especially from private consumption.

Germany's jobless rate total to 2.695 million

Based on the Labour office, the jobless total approached 2.695 million, falling 11,000, differing from Reuter's 5,000 figure.

As per the Federal Labour Office head, Frank-Juergen Weise, the positive development in the labour market continued, with the level of employment and demand having improved.

Moreover, the government predicts that the employment level for this year could reach 43.5 million, and for 2017, 44 million.

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Tuesday, 31 May, 2016 / 2:48

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Source : https://www.argusfx.com/en/research-education/market-analysis/news/germany-s-unemployment-to-6.1

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