Unemployment rate in Germany falls to record low
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Things are looking up in the eurozone’s biggest economy, Germany, but far from rosy for its southern neighbour, Italy.
Germany’s unemployment rate for December came in at a better than expected 6.5 per cent, down from 6.6 per cent in November. Economists had forecast the 6.6 per cent rate to hold steady.
The low unemployment rate in – at a time when the rest of the eurozone is struggling to cope with joblessness – is a rare bright spot and highlights the strength of the German economy.
But the picture is far more grim in Italy, where the unemployment rate jumped to a record 13.4 per cent in November, compared to 13.3 per cent in October.
Source: FT – Unemployment rate in Germany falls to record low