Summary Box: German unemployment falls to 7 pct

AP News
|
Posted: May 02, 2012 2:55 PM
Summary Box: German unemployment falls to 7 pct

FEWER JOBLESS: Germany's unemployment rate fell to 7 percent last month with 2.96 million registered as jobless in April, the lowest figure for the month in 20 years.

SEASONAL: Germany's labor agency said the unemployment rate slipped from 7.2 percent in March thanks to the continuing traditional springtime upturn and the country's robust economy.

CONTEXT: Germany has led the 17-nation eurozone with two years of strong economic growth, though it's expected to grow by less than 1 percent this year after expanding by 3 percent in 2011.