German Unemployment Holds at Six-Year Low as Economic Growth Fuels Hiring

(Bloomberg) -- Germany's unemployment rate held at a
six-year low in May as growth in Europe's largest economy
encouraged companies to invest and hire.

The jobless rate, adjusted for seasonal swings, stayed at
9.2 percent for the third straight month, the Nuremberg-based
Federal Labor Agency said today. The adjusted number of people
out of work rose 3,000 to 3.86 million. Economists expected a
drop of 20,000, according to the median of 38 forecasts in a
Bloomberg News survey.


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