Accord­ing to Federa­l Labour Agency, the unempl­oyment rate remain­ed at 5.0%FRANKFURT AM MAIN: The jobless rate in Germany held steady in January even as signs of a slowdown in Europe’s powerhouse economy mounted, official data showed on Thursday. The unemployment rate was 5.0 per cent, the Federal Labour Agency (BA) said in seasonally-adjusted figures, the same level as the previous two months. Nevertheless, “German firms’ demand for new workers remains at a very high level,” BA chief Detlef Scheele said in a statement. German military looks to recruit in other EU nationsThe country’s labour market has continued tightening even while economic growth has slowed. But the economy ministry in Berlin said domestic demand should continue supporting employment, with an average 4.9 per cent jobless rate and 4.8 per cent growth in incomes expected this year.

Source: The Express Tribune January 31, 2019 11:03 UTC