Prior 1kUnemployment rate 6.3% vs 6.3% expectedPrior 6.3%
German unemployment remains unchanged in March with the jobless rate keeping steady on the month as well. The jobless figure overall remains the same as it was in February at 2.977 million. Well, this at least reaffirms the labour market has been holding up in recent months after having softened modestly in the first half of last year especially.
The labour office notes that: “As usual, the spring upturn in the labour market begins in March, however, without any significant momentum this year.”
This article was written by Justin Low at investinglive.com.