German unemployment hit a record low of 5% in November

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The Federal Employment Agency of Germany reported a reduction in the number of applications for unemployment benefits by 16 thousand in November, taking into account the seasonal factor, compared to October. The decrease in the indicator turned out to be more significant than the estimates of experts, who had predicted a decrease of only 10 thousand. At the same time, the unemployment rate in Germany reached 5% in November, which was the lowest value since January 1992. Data provided by the Federal Employment Service indicates that the German labor market remains strong. In November, registered vacancies increased in annual terms by 35 thousand, which indicates the current demand for labor in the country.


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