BUSINESS

German jobless rate slips to 7.0 per cent in April

05/02/2012 04:08 EDT | Updated 07/01/2012 05:12 EDT
BERLIN - Germany's labour agency says the country's unemployment rate slipped to 7.0 per cent in April thanks to a traditional springtime upturn.

The agency said Wednesday the unadjusted jobless rate was down from 7.2 per cent in March.

It says a total of 2.96 million people were registered as unemployed in Europe's biggest economy — 65,000 fewer than in March, breaking the psychologically important barrier of 3 million.

On the year, the number of unemployed fell by 115,000 as strong domestic demands and steady exports keep Germany's economy growing.