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German unemployment falls more than expected in December

The seasonally adjusted jobless total fell by 17,000 to 2.638 million, the Labour Office said
The seasonally adjusted jobless total fell by 17,000 to 2.638 million, the Labour Office said

German unemployment fell more than expected in December, keeping the jobless rate in Europe's biggest economy at a record low, data from the Federal Labour Office showed today.

"The positive development related to unemployment continued at the end of the year," Frank-Juergen Weise, head of the Federal Labour Office, said.

"The strong increase in employment that has been going on for a long time slowed since the summer months, but demand for new workers remains at a high level," he added.

The seasonally adjusted jobless total fell by 17,000 to 2.638 million, the Labour Office said. That was more than three-fold the 5,000 forecast in a Reuters poll.

The adjusted unemployment rate remained at 6%, the lowest level since German reunification in 1990.

In 2016 as a whole, a record 43.4m people were employed in Germany as the labour market thrives in an environment of a continued economic upswing, low interest rates and increased state spending.