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German Unemployment Falls for Third Month as Economy Strengthens

From bloomberg.com

German unemployment fell in February for a third month and more than economists predicted as companies became more confident in the recovery in Europe’s largest economy. The number of people out of work decreased by a seasonally-adjusted 14,000 to 2.914 million, after falling a 28,000 the previous month, the Nuremberg-based Federal Labor Agency said today. Economists forecast a decline of 10,000, according to the median of 30 estimates in a Bloomberg News survey. The adjusted jobless rate was 6.8 percent, unchanged from January and at a two-decade low. The German economy beat economists’ expectations at the end of ... (full story)

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