Thursday, 28 August 2008

Good news from the German Labour Market

In August 2008 the unemployment rate has dropped further by another 0.1%. The development is robust despite the slow down in economic growth in the Euro region. The tendency is expected to grow stronger once the summer holiday season is over and business is back in full swing.

The German unemployment rate is still higher than the average in the Euro-Zone but the positive development is supported by the need for qualified workers and a strong performance in the export industries.

For detailed statistical data also see "Bundesagentur für Arbeit".

For the German Property Market this means that the most important player in the residential market, the tenants, are moving into a better position to afford rent increases and new and better apartments.

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