German unemployment falls in March

31st March 2011, Comments 0 comments

The German unemployment rate fell to 7.6 percent in March as the number of people out of work declined to 3.21 million, the national labour office said on Tuesday.

That unadjusted rate, which is used as the basis for public debate, stood at a revised 7.9 percent in February.

When adjusted for seasonal effects, the standard used by economists for comparisons, the unemployment rate in March declined to 7.1 percent from 7.3 percent in February.

Analysts had expected this figure to come in at 7.2 percent rather than the 7.1 percent which economists said that figure was the lowest level since 1992.

A total of 3.313 million people were officially registered as looking for work in March according to that measure.

© 2011 AFP

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