4/30/2019, 9:57 AM (Source: TeleTrader)
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German jobless rate stays at record low 4.9%

Unemployment on a seasonally adjusted basis in Germany landed remained at 4.9% in April, after reaching the weakest mark in more than 27 years last month, the Federal Employment Agency said on Tuesday. In absolute terms, the number of jobseekers fell by 72,000 or 155,000 year on year to 2.23 million, and the rate lost 0.2 percentage points to 4.9%, the lowest level since reunification.

The adjusted tally declined by 12,000 to 2.22 million, the weakest reading so far. The annual reduction in April was 152,000. One year ago, both the adjusted and total jobless rate were at 5.3%.

The number of vacancies came in at 796,000 or 11,000 higher than in the same month of 2018. The number increased by 19,000 month over month with seasonal adjustment. Excluding part-time work, the jobless rate slipped 0.1 points to 7%. The methodology of the International Labour Organization put the jobless rate at 3.5% or 0.4 points higher than in March.

Breaking the News / IT