Germany marks lowest jobless total in five months
(02-28 17:43)
The German labour market is continuing to defy the eurozone debt crisis, with the jobless total falling to its lowest level in five months in February, official data showed on Thursday.
On the face of it, headline unemployment rose this month, but that was primarily due to seasonal factors, monthly data compiled by the Federal Labour Office showed, AFP reports.
The raw or unadjusted jobless total rose by 18,013 to 3.156 million and the jobless rate -- which measures the number of unemployed as a proportion of the working population as a whole -- was steady at 7.4 percent.
Nevertheless, the seasonally-adjusted jobless total -- which irons out seasonal fluctuations -- fell by 3,000 to 2.917 million, its lowest level since September, the agency said.
Analysts had been expecting an increase of around 1,500.
The seasonally-adjusted jobless was also unchanged at 6.9 percent.
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