This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

German Jobless Rate Dips To 7.3 Percent In March

BERLIN (AP) â¿¿ Germany's unemployment rate edged down to 7.3 percent in March even though a traditional springtime upturn was limited by unusually cold weather, official data showed Thursday.

The unadjusted jobless rate was down from 7.4 percent in February, the Federal Labor Agency said. The number of people registered as unemployed was 3.098 million â¿¿ 58,000 fewer than the previous month, but 70,000 more than in March 2012.

Unemployment typically declines in the spring, but harsh weather that typically weighs on industries such as construction in winter has persisted for longer than usual. The labor agency pointed to that as a reason for the small-than-usual decline.

In seasonally adjusted terms the unemployment rate was steady at 6.9 percent for the sixth consecutive month, in line with economists' forecasts, and the number of people out of work rose by 13,000.

Despite contracting in the last quarter of 2012, the German economy, Europe's biggest, has remained robust over the past few years, while several other countries in the euro area have struggled. That has bolstered the labor market; Germany's jobless rate contrasts with unemployment of more than 25 percent in Greece and Spain.

That, in turn, has bolstered consumer confidence.

Separate data released Thursday showed that retail sales were up 0.4 percent in February, in calendar- and seasonally adjusted terms, compared with the previous month â¿¿ defying economists' expectations of a fall. The rise followed a 3 percent increase in January.
Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,528.03 -114.98 -0.69%
S&P 500 1,972.18 -16.69 -0.84%
NASDAQ 4,776.5080 -51.8170 -1.07%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs