Germany .. unemployment to its lowest level in August

Unemployment in Germany fell more than expected in August, where the number of unemployed settled for work at a record low, which reassured the market that consumer spending will continue to drive growth in Europe's biggest economy this year.

The Federal Labour Office said on Tuesday that the seasonally adjusted unemployment rate fell by 7 thousands of unemployed to 2.79 million, and was Economists surveyed by "Reuters" their views had expected unemployment fell by 2000 only.

© Copyright 2013, Sky News Arabia. All Rights Reserved unemployment rates fell in Germany more than expected in August, where the number of unemployed settled for work at a record low, which reassured the market that consumer spending will continue to drive growth in Europe's biggest economy this year. And remained unemployment rate represents 6.4% for the fifth consecutive month, the lowest rate since the reunification of Germany in 1990.

The unemployment rate in Germany unexpectedly rose in July, marking the largest increase in the number of unemployed since May last year.