FRANKFURT AM MAIN,Germany-- Joblessness in Germany held firm at record lows in August, official data showed Thursday, as a robust economy kept companies hiring in Europe's powerhouse. Just 5.2 percent of workers were unemployed this month, according to seasonally-adjusted figures from the Federal Labor Agency (BA), matching analysts' expectations. The unemployment rate has not changed since May, remaining at the lowest level since German reunification in 1990. "The labor market continues to develop favorably," said BA chief Detlef Scheele in a statement. In unadjusted terms, less indicative of underlying trends but more prominent in public debate, the joblessness rate inc...
Keep on reading: German unemployment holds at record low in August
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