FXstreet.com (Barcelona) - German labour market posted better than expected results in March due to good weather, which favoured a shorter than expected jobs cut, according to the latest labor report by German Statistics.

In March the number of persons in employment increased 0.2% from February in seasonally adjusted terms, and 1.8% from March last year.

The ILO unemployment rate decreased to 7.3%, as level considerably lower than the 8.6% in March last year.