1/31, 9:55 AM (Source: TeleTrader)
more TeleTrader news

German unemployment rate unchanged at 5.5% in January

The seasonally adjusted unemployment rate in Germany came in at 5.5% in January, remaining unchanged from the previous month, according to a report released by the country's Federal Employment Agency on Tuesday.

The seasonally adjusted number of unemployed German citizens fell by 15,000 to 2.49 million in January month over month.

"Seasonally adjusted unemployment fell and underemployment increased only slightly. Reported demand for new employees continued to be high, however, it had been noticeably weakening for some time," it was stated in the report.

Baha Breaking News (BBN) / AY