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German unemployment drops to 6.3 per cent in April

BERLIN – Official figures show that Germany’s unemployment rate dropped to 6.3 per cent in April, a further sign that growth in Europe’s largest economy has accelerated in the early part of this year.

The Federal Labor Agency said Thursday that the unadjusted jobless rate was down from 6.5 per cent the previous month, with 2.74 million people registered as unemployed.

When adjusted for seasonal factors, the rate was unchanged at 6.2 per cent for the fourth consecutive month.

Economists have expressed optimism that Germany’s increasing employment, income growth and moderate inflation rate will help increase domestic demand and overall GDP growth.