German unemployment edges lower in February

1st March 2011, Comments 0 comments

The German unemployment rate eased slightly to 7.9 percent in February as the unadjusted number of people out of work declined by 33,000 to 3.3 million, the national labour office said on Tuesday.

The unadjusted rate, which is used as the basis for public debate, stood at a revised 8.0 percent in January.

When adjusted for seasonal effects, the standard used by economists for comparisons, the unemployment rate in February edged down to 7.3 percent from 7.4 percent in January.

Analysts had expected no change in this figure at 7.4 percent.

© 2011 AFP

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