“Germany’s labour office reported that the country’s seasonally adjusted unemployment total fell last month by 110,000 to 4.64m, or 11.2 per cent of the workforce. The eighth decline in nine months came as a fillip for Angela Merkel, Germany’s new chancellor, who has made tackling unemployment her top priority.”

Not yet time to ice up the champagne. The Financial Times does so anyway:

“The eurozone’s economic prospects have brightened significantly, with manufacturers increasing employment for the first time in more than four years and Germany seeing a sharp drop in its jobless total.”

A possible reason cited:

“The decline was due to milder weather causing fewer winter lay-offs in such sectors as construction, although job creation measures and Germany’s broader economic upturn also played a role, labour market experts said.”

Thank you global warming!