German Unemployment Declines in January

Germany’s unemployment rate declined in January, the Federal Labor Agency reportedly said Tuesday.

The jobless rate fell to 5.9 percent in January from 6 percent in December. The rate was expected remain unchanged at 6 percent.

The number of people out of work decreased 26,000 from December compared to an expected fall of 5,000.

Data published earlier in the day by Destatis showed that the ILO jobless rate held steady at 3.9 percent in December.

via RTTNews

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza