Workers walk  at the newly opened Volkswagen Crafter factory. Photo: Reuters, Kacper Pempel
Workers walk at the newly opened Volkswagen Crafter factory. Photo: Reuters, Kacper Pempel
Asia UnhedgedReal-time intel on what moves markets

German unemployment hits record low in March

The mark was the lowest since unification in 1992

March 31, 2017 10:47 PM (UTC+8)

Seasonally-adjusted jobless claims fell in March by 30,000, beating a forecast of a 10,000 claim decline from a Wall Street Journal poll.

MarketWatch reports that March’s 5.8% jobless rate was the lowest since the measure was first taken after the country’s unification in 1992.

Germany’s federal employment agency forecasts record employment for this year, with most gains expected in public service jobs such as education and healthcare, while losses are expected in the financial sector.

Comments