/Jobless price stays low

Jobless price stays low

Nuremberg, Germany (dpa) – The number of unemployed people in Germany sank slightly in February, to 2.393 million people in seasonally adjusted terms, leaving the country’s unemployment rate unchanged at 5.4 per cent, according to data released Wednesday.

That was a drop in 22,000 unemployed, according to the Federal Labour Agency. When the rate dropped to 5.4 per cent in January, it was the lowest figure since German reunification in 1990.

In adjusted terms for February, the number of unemployed dropped by 24,000 to 2.456 million, pushing that rate down 0.1 percentage points to 5.7 per cent.

That is 216,000 fewer unemployed people than in February 2017.

“The solid development in the labour market continued into February,” said Detlef Scheele, the head of the agency.

A statement released by the agency said it expected solid growth to continue through 2018, though there might be some small hurdles.

The agency reported 764,000 unfilled positions for the month of February, 90,000 more than a year ago.

“The demand for new workers remains at a high level,” read a report released with the data. “The overall availability of positions and reported jobs remain high above the numbers seen last year.”

The agency said the number of employed people in Germany rose by 60,000 from January to February, for a total of 44.28 million. That is 625,000 more than in February 2017.

In seasonally adjusted terms, that figure went up by 68,000, bringing the total to 32.56 million working, an increase of 711,000 against February 2017.