German jobless rate dips to 6.6 percent in February

Staff Writer
Columbus CEO

BERLIN (AP) — Germany's unemployment rate dipped to 6.6 percent last month thanks to sustained growth in Europe's biggest economy and relatively mild winter weather.

The Federal Labor Agency said Tuesday that 2.911 million people were registered as jobless in February, down 9,000 from the previous month and some 111,000 from a year earlier. The rate, which is unadjusted for seasonal effects, was down from 6.7 percent in January.

In adjusted terms, the jobless rate was steady at 6.2 percent while the number of people out of work was down 10,000 from the previous month — both figures in line with economists' expectations.

Using different calculations, the European Union's statistics agency estimates the unemployment rate at 4.3 percent.

The German economy grew 1.7 percent last year. A similar performance is expected this year.