Germany's unemployment hits all-time low

Source: Bloomberg
© Scanprix/AFP
In February, the German unemployment rate reached the all-time low of 6.4%. This, together with the falling oil prices and growing salaries, is positively affecting the overall spending, and after the launch of the QE programme Germans became more lavish. Such a low jobless rate and soaring consumption in the Euro zone's powerhouse stimulate the region's recovery, while other member states continue to grapple with high percentages of people out of work.
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