Wednesday, 2 May 2012

Unemployment in Germany below 3 Million again

The unemployment figure for Germany went below 3 Million again to where is was last December. The rate is now at 7.0% after 7.2% in March 2012.

The head of the unemployment agency is quoted "The positive basic trend in the labour market is still there but has lost some of its momentum."

The decline is partially caused by seasonal effects. With these neutralised the unemployment actually rose by 19,000 but even then the standardised unemployment rate without seasonal effects for April 2012 is now set at 6.8%.

Germany remains the big exception in the European Labour Market.


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