BERLIN (Reuters) - Germany’s jobless total fell by more than expected in December, data showed on Friday, keeping the unemployment rate at a record low.
The figures underline the strength of a labor market that has been supporting a consumption-led growth cycle. The solid labor market is expected to help Europe’s largest economy offset headwinds from trade frictions.
The Federal Labor Office said the seasonally adjusted jobless total fell by 14,000 to 2.261 million. That was more than the forecast drop of 11,000.
The unemployment rate remained at 5 percent, the lowest since German reunification in 1990.
Reporting by Joseph Nasr and Riham Alkoussa; Editing by Paul Carrel