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German unemployment holds steady at 5 percent

Jan 31, 2019 - Associated Press Financial Wire

BERLIN (AP) - Germany's unemployment is holding steady at 5 percent in a sign of strength for Europe's largest economy.

The Federal Labor Agency said Thursday that the number of unemployed dropped by 2,000 in January over December, leaving the rate unchanged at 5 percent for the third month in a row, according to figures adjusted for seasonal factors.

In unadjusted terms, the rate ticked up from 4.9 percent in December to 5.3 percent in January. Some 190,000 more people were register...