Germany, the country with lowest unemployment since 1990

Germany, the country with Europe's largest economy, reported today that the unemployment rate dropped to 5.3% during November, the lowest since Western and East Germany joined in 1990.

Although Chancellor Angela Merkel is facing difficulties in forming a government coalition, the economy remains strong, with a steady decline in unemployment rate and increased demand for German products from other countries, writes the American voice, transmit Periscope.

The European Union's Statistics Agency Eurostat reported that the unemployment rate in the 19th bloc of Eurozone countries dropped to 8.8% during October. This is the lowest figure since January 2009, when Europe and many countries in the world were in recession.

Economists in Germany and Europe are thus following trends in the United States, the world's largest economy, where unemployment dropped to 4.1%, the lowest rate in 17 years. But American and European figures show a steady improvement that emerged slowly after the extraordinary job losses and high unemployment of 7-9 years ago.

The Eurozone reported that 14 million people are still out of work, but that there are 1.5 million less unemployed than some years ago. In Spain, the unemployment rate dropped from 25% to 16.7%.

European Central Bank President Mario Draghi said that while salaries are not growing enough, they will continue to grow over the coming months, while the continent's economy will continue its recovery. /Periscope.