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German jobless rate hits new record low in Sept as economy powers ahead

The outlook for the German economy still remains bright overall

Reuters  |  Berlin 

Germany's jobless rate fell to a new record low in September and the number of unemployed people fell far more than expected but retail sales disappointed, sending mixed signals about the state of Europe's largest economy. The unemployment rate dropped to 5.6 percent, the lowest level since reunification in 1990, after 5.7 percent in August, data on Friday from the Federal Labour Office showed. Economists polled by Reuters had expected it to hold steady. The jobless total fell by 23,000 to 2.506 million in seasonally adjusted terms. That compared with the consensus ...

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First Published: Fri, September 29 2017. 16:10 IST