Nuremberg, May 31. The unemployment rate in Germany with the correction in May fell to record lows amid falling unemployment below 3 million, however, the number of unemployed has decreased with the correction of lower than expected. This is indicated by data released on Tuesday, the Federal Minister of Labour of Germany.According to the data, the unemployment rate in Germany in May, with the correction has fallen to 7,0% against 7,1% in April, showed the lowest value since the beginning of keeping statistics in 1999.
The total number of unemployed without correction, which in May dropped by 118,000 to 2.960 million in May was the lowest value since 1992.
Nevertheless, taking into account the correction for seasonal variations, the number of unemployed fell by only 8000. According to some data, the number of unemployed in April fell by 33,000.
Economists surveyed by Dow Jones Newswires, expected to reduce the unemployment rate adjusted to 7,0% and reducing the number of unemployed at 30,000.
"The favorable development in the labor market continued in May, while the demand for labor is high, although it is a little weak," - said Frank-Juergen Weise, head of the Federal Department of Labor.
