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Germany's jobless rate falls to a 24-year low | Germany's jobless rate falls to a 24-year low |
(about 1 hour later) | |
Germany's jobless rate has fallen by 6,000 to 2.78 million, as Europe's biggest economy continues to recover. | |
The seasonally adjusted figure is at its lowest level since a year after German reunification in 1990. | |
The head of the Federal Labour Office, Frank-Juergen Weise, said strong consumer consumption was helping to drive the downward trend. | |
A recent survey showed Germans are feeling more optimistic than at any point since October 2001. | A recent survey showed Germans are feeling more optimistic than at any point since October 2001. |
The chief economist at the government-owned KfW Development Bank, Joerg Zeuner, said demand for staff was rising in almost every sector, although it was weaker in manufacturing. | |
Private consumption has overtaken exports as the main impetus behind Germany's growth. | |
The government is hoping household spending will help the economy to expand by 1.8% this year, but economists at Deutsche Bank have lowered their forecast to 1.6%, because of weaker-than-expected first-quarter growth. |
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