There’s no lack of global and regional uncertainties with a potential to hit Germany’s labor market. Monthly jobless lines in Europe’s powerhouse contracted for the sixth consecutive month, declining by a more-than-forecast seasonally adjusted 30,000 month on month to 2.662 million people. The figure sent the jobless rate down to a historic low of 5.8 percent, marking the lowest level since German unification in 1990. “The labor market continues to develop favorably,” BA Chairman-Designate Detlef Scheele said in a statement. He reported that there were 692,000 vacancies known to the BA in March – that’s 57,000 more than in the same month a year earlier.

Source: Daily News Egypt March 31, 2017 19:18 UTC