The German labor market is going from strength to strength, official figures released on Thursday by the Federal Statistical Office showed.
Preliminary estimates by the Wiesbaden-based statisticians suggested that 44.2 million German residents were employed in July 2017. This marked a year on year gain of 688,000 jobs or plus 1.6 percent compared to July 2016.
The seasonally adjusted unemployment rate was measured at 3.7 percent last month, having further declined by 27,000 individuals since June.
The positive labor market trend revealed on Thursday adds to a wider picture of strong economic momentum in Germany.
The Federal Statistical Office in Wiesbaden recently reaffirmed an earlier forecast for Gross Domestic Product (GDP) growth of 0.6 percent in Q2 and corrected its earlier estimate for Q1 growth upward to 0.7 percent.
