Unemployment in Germany remains at record low level of 6.4%

According to a Bloomberg report, joblessness declined by 5,000 or 2.7 million of the population, which is a thousand more than what Bloomberg economists have predicted.

"Employment keeps growing at a robust pace across the board," commented Alexander Koch, an economist from Raiffeisen Schweiz in Zurich. "It's at a record high and so is the number of vacancies."

Meanwhile, the president of Germany's labor agency also shares his thoughts on the rising trend in employment, saying that "the favorable development in the labor market continues."

In an article released by Deutsche Well, an online German news site, the unemployment drop has led the jobless population to fall below the 2.7-million threshold, making it the lowest number of unemployed Germans since 1991.

The impressive unemployment rate is not expected to remain unchanged however as the recent surge of refugees into Germany will likely have an effect on the overall economy of the nation. It is not yet known whether or not the effects will be advantageous for Germany, but analysts say that it is too soon to form speculations.

It is surprising to note that Germany's economy has not visibly suffered from any type of backlash from news involving Volkswagen's emissions scandal.

According to Time, allegations against Volkswagen were severe, claiming that research showed how the company may have been involved in the death of 60 United States citizens, and may even lead to the additional death of as many as 130 people if the company fails to act to address the emission problem.

The vehicle company retaliated, saying to Health magazine that the allegations are "unverified" and that "[they've] received no confirmed reports that the emissions from such vehicles may cause any actual health problem."