German Unemployment Steady At 7.4 Percent
BERLIN (AP) â¿¿ The Federal Labor Agency says Germany's unemployment rate held steady at 7.4 percent in February and that the job market remains "robust."
The agency says Thursday that 18,000 more people were without a job in February over the previous month â¿¿ largely due to winter seasonal factors. A total of 3.156 million people were registered as jobless.
When seasonally adjusted, the number of unemployed was down 3,000 people and the unemployment rate was 6.9 percent â¿¿ also unchanged over January.
Agency head Frank-Juergen Weise says the German labor market "seems to be coping with the weak economic growth in recent months and appears to be overall robust."
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts