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Unemployment in the European largest economy surprisingly declined in January as a sign of healthier labor market with improving conditions of global economy, the Federal Labor Agency unveiled on Thursday. German's unemployment decreased notably by 16,000 in January following a December's drop of 2,000, the total number of unemployed reached 2.92 million.
"The German labor market convinced with a distinct robustness in the second half of last year and the beginning of this year," said Heinrich Bayer, an economist at Postbank Research in Bonn. "No debt crisis, no economic weakness can hurt it. But it's too early to sound the all clear because the labor market reacts with delay to economic developments. Unemployment could still rise."