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Print Text: A A

Topics News & Markets

German unemployment rate dips to 6.9 per cent in June as economy booms

By The Associated Press | June 30, 2011

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BERLIN - Official figures show that Germany's unemployment rate dipped to 6.9 per cent in June as a booming economy bolstered the labour market.

The Federal Labor Agency said Thursday that the unadjusted jobless rate was down from 7 per cent in May.

The number of people registered as unemployed was 2.893 million. That was 67,000 lower than the previous month and down 255,000 from a year earlier.

Strong exports and a recovery in domestic demand have powered the German economy — Europe's biggest — for more than a year now, making the country a standout in the 17-nation eurozone.

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Topics News & Markets

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