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German jobless rate remains at record low in February

Xinhua, February 26, 2015 Adjust font size:

The German jobless rate stayed at record low levels in February, official data showed on Thursday.

In seasonally-adjusted terms, the number of people registered as unemployed at Germany's Federal Employment Agency decreased for the fifth consecutive month in February by 20,000 people to 2.81 million.

The jobless rate stayed unchanged at 6.5 percent, the lowest level in more than two decades.

"In February, the positive trend has continued in the labor market. Unemployment has fallen and employment retains its upward trend," said Frank-J. Weise, chief of the Nuremberg-based labor agency.

A separate report from German federal statistical office Destatis on Thursday showed that roughly 42.5 million persons resident in Germany were in employment in January. After accounting for seasonal fluctuations, the number of working people was up by 41,000 in January on the previous month.

The adjusted unemployment rate, as measured by the International Labour Organization (ILO) in January, fell to 4.7 percent, Destatis said. Endit