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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Photos Sitemap German jobless rate drops unexpectedly AFP - Thursday, April 1 Send IM Story Print A man walks past a jobcentre in the eastern German city of Dresden, 2009. The number of people out of work in Germany dropped unexpectedly to 8.5 percent in March, the Federal Labour Agency said, as Europe's top economy continued its gradual recovery. BERLIN (AFP) - – The number of people out of work in Germany dropped unexpectedly to 8.5 percent in March, the Federal Labour Agency said Wednesday, as Europe's top economy continued its gradual recovery. There were a total of 3.57 million people without jobs, the agency said, a drop of 75,000 from the previous month. In February, unemployment had been 8.7 percent, according to unadjusted data. "The spring revival has reached the labour market. Unemployment is dropping," said the head of the labour agency, Frank-Juergen Weise. Analysts polled by Dow Jones Newswires had expected the number of unemployed adjusted for seasonal factors to climb by 10,000 this month but that figure in fact dropped by 31,000. Germany has managed to limit the increase in unemployment despite suffering its worst post-war recession last year, with state subsidies that allowed for shorter working hours at a little below normal pay levels. However, despite the positive figures, most economists expect the jobless figures to rise in Germany as companies adjust their workforces after the economic crisis. In a regular report on the German economy published Tuesday, the International Monetary Fund said it expected an average jobless rate of 8.6 percent this year, rising to 9.3 percent in 2011. "With a diminished growth outlook, firms will eventually adjust their workforce, especially in the hard-hit manufacturing sector," the Fund said. Recommend Send IM Story Print News Search Top Stories US private sector sheds 23,000 jobs in March Eurozone inflation sharply up to 1.5% German jobless rate drops unexpectedly EU subsidies have encouraged overfishing: study What, or who, killed the last mammoths? More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Burglars tunnel into French bank vault Toad is a telltale for impending quakes: scientists What, or who, killed the last mammoths? Elephants move like 4x4s: scientists Atom smasher opens 'new era' for science More Most Viewed » 'Rare' fossil of new dinosaur species found in US Hollywood stars help prevent suicide after Twitter alert Prince Philip in strip club gaffe More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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