BERLIN (Reuters) - German unemployment dropped for a fifth consecutive month in March with the jobless rate sliding to 6.7 percent, marking a new record low since figures for unified Germany were first published, the Labour Office said on Thursday.
The seasonally adjusted data showed a stronger-than-expected decrease of 18,000 from the previous month to a total of 2.841 million. The consensus forecast in a Reuters poll of 35 economists was for joblessness to drop by 10,000.
“The current phase of economic weakness has hardly left a trace on the labour market,” Labour Office head Frank-Juergen Weise said. “Unemployment fell in the wake of a spring revival.”
“The demand for workforce remains high,” he added.
Reporting By Sarah Marsh and Madeline Chambers