By Nina Adam
FRANKFURT--German jobless claims dropped further in November and the unemployment remained at a record low, cementing Germany's position as the eurozone's strongest labor market.
Jobless claims in November fell by 5,000 from October, adjusted for seasonal swings, the BA labor agency said Wednesday, meeting economists' forecasts.
"The labor market has developed generally positively," as demand for labor remains high, said Frank-Juergen Weise, the agency's head. "Employment creation, however, has begun to falter lately," he added.
Germany's adjusted jobless rate, meanwhile, stood at 6.0%, unchanged from October and the lowest level since the beginning of the data series in January 1992, following Germany's unification.
Buteconomists caution that a record influx of migrants will eventually dent Germany's stellar unemployment statistics, as it takes time to integrate the new arrivals into the labor market.
A total of 2.532 million people were registered as unemployed in November, the lowest level since mid-1991.
--Christine Popp in Nuremberg contributed to this article.
Write to Nina Adam at email@example.com
(END) Dow Jones Newswires
November 30, 2016 04:41 ET (09:41 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.