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1/5, 9:57 AM (Source: TeleTrader)
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Germany's unemployment rate at 5.9% in Dec

The unemployment rate in Germany decreased to 5.9% in December, decreasing from the previous month's 6.1% and performing slightly below expectations, the report released on Tuesday by Bundesagentur fuer Arbeit revealed.

The number of unemployed German residents dropped by 8,000 since November and by 480,000 in comparison to December 2019 to land at 2.707 million.

Meanwhile, underemployment stood at 3.534 million, decreasing by 5,000 on a monthly level and by 363,000 year-on-year.

Breaking the News / JR