Wednesday, 30 April 2008

German Unemployment further reduced in April 2008

Despite worries about how the global credit crisis and strong Euro might affect its economy, Germany's unemployment rate sank to 8.1 percent in April, down from 8.4 percent in March. The new government figures, which were announced Wednesday (30.04.), represent 94,000 fewer people out of work.

Together with wide spread wage increases this is one of the key factors that actually make the increases in rent feasible which were held back for a long period.

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