German unemployment falls to 20 year low

Unemployment in Germany fell for a 23rd straight month in May the Federal Labour Agency in Nuremberg said on Tuesday.
The decline in unemployment is said to be largely due to increased spending by consumers and businesses and export driven growth according to the agency.  
Numbers fell to 2.96 million or 7 percent from April's 7.3 percent, reflecting a drop of 118.000, to reach the lowest since records began for a reunified Germany in 1991.

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