German official unemployment unchanged in March

German official unemployment unchanged in March

28th March 2013, Comments 0 comments

Unemployment in Germany was unchanged in seasonally adjusted terms in March as the country's labour market continues to hold up well to the eurozone debt crisis, official data showed on Thursday.

On the face of it, headline unemployment fell this month, but that was primarily due to seasonal factors, monthly data compiled by the Federal Labour Office showed.

The raw or unadjusted jobless total fell by 58,429 to 3.098 million and the jobless rate -- which measures the number of unemployed as a proportion of the working population as a whole -- slipped to 7.3 percent from 7.4 percent in February.

Nevertheless, the seasonally-adjusted jobless total -- which irons out seasonal fluctuations -- was unchanged, in line with analysts' expectations, the agency said.

The seasonally-adjusted jobless was steady at 6.9 percent.

"The labour market continues to be in good shape," said labour agency chief Frank-Juergen Weise.

© 2013 AFP

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