German Jobless Claims Drop as Expected in August

By Nina AdamFeaturesDow Jones Newswires

FRANKFURT-German jobless claims dropped as expected in August and the unemployment rate stayed at a record low.

Jobless claims fell by 5,000 from July, the BA labor agency said Thursday, referring to data adjusted for seasonal swings.

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"The labor market continues to develop positively," as businesses' demand for new workers remains high, said Detlef Scheele, the BA's chairman.

Germany's adjusted jobless rate was unchanged at 5.7% in August, the lowest rate since the beginning of the series in January 1992.

Write to Nina Adam at

(END) Dow Jones Newswires

August 31, 2017 04:34 ET (08:34 GMT)