German Unemployment Unexpectedly Drops In December

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German unemployment dropped 3,000 in December, data released by the Federal Labor Agency showed Tuesday. Economists had forecast an increase of 5,000 in the number of unemployed. The jobless rate was stable at 8.1%.

The labor agency revised November's fall to just 1,000 from 7,000 reported initially.

German unemployment dropped 3,000 in December, data released by the Federal Labor Agency showed Tuesday. Economists had forecast an increase of 5,000 in the number of unemployed. The jobless rate was stable at 8.1%. (Market News Provided by RTTNews)