German jobless rate at record low

Germany’s unemployment rate unexpectedly fell to a record low in January, in a sign that Europe’s largest economy is withstanding the tumult in global markets. The jobless rate fell to 6.2 per cent, the lowest level since German reunification, from 6.3 per cent, data showed on Tuesday. The number jobless declined by a seasonally adjusted 20,000 to 2.73 million.