Surprise Drop in German Unemployment
Published:
9 July 2003 y., Wednesday
The lines at Germany's job centers shortened last month, but they were still the longest for June since reunification.
Unemployment in Germany fell further than expected in June, according to figures published by the Federal Labor Office in Nuremberg on Tuesday. But joblessness in the month was still the highest in 12 years.
Almost 4.26 million people were looking for work last month, 85,000 less than in May. The unemployment rate fell from 10.4 to 10.2 percent.
According to the Labor Office, the numbers are surprisingly low, even when seasonal factors are taken into account. Seasonally adjusted figures put the drop at 33,000. But it's not all good news. The jobless figures were still the highest for June since reunification in October 1990. And a year-on-year comparison reveals an increase of 303,100.
The head of the Labor Office, Florian Gerster, said that apart from the usual seasonal factors, the reduction was down to new legislation aimed at reviving the labor market. The authorities have stepped up efforts to broker jobs for the unemployed, with some success. One positive side-effect of this campaign is that some people have had their names struck from the register rather than have jobs forced on them.
Šaltinis:
dw-world.de
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
New legislation for pan-European supervision of credit rating agencies and a public debate on how financial institutions are managed.
more »
On 2 June in Vilnius, Lithuania‘s Vice-Minister of Foreign Affairs Asta Skaisgirytė Liauškienė and Deputy Director General of the World Trade Organization Rufus H. Yerxa discussed the main issues on the international trade policy agenda, Russia‘s WTO accession and the changing role of China in the world economy.
more »
2157 former construction workers in Spain and 598 ex-employees at the Irish crystal glass company Waterford Crystal with suppliers could get €11 million in EU globalisation adjustment fund aid for training, self-employment and professional orientation under plans approved by the Budgets Committee on Wednesday.
more »
Companies from the UK, Belgium, Germany and Spain have won the 2010 European Business Awards for the Environment.
more »
The planned overhaul of EU fisheries policy should devolve more powers to regions, protect small coastal fleets and boost aquaculture, said MEPs and members of national parliaments on Tuesday.
more »
The first in a series of loan agreements for energy efficiency investments in multi-apartment buildings was signed today between the European Investment Bank (EIB), as manager of the JESSICA holding fund in Lithuania, and Šiaulių bankas.
more »
Despite the current economic crisis and tensions in the euro, Estonia is set to adopt the single currency in January.
more »
Commission proposes a bank tax to cover the costs of winding down banks that go bust.
more »
The European Investment Bank will provide a total of EUR 400 million to Hellenic Petroleum SA in order to increase the production of cleaner fuels via the upgrading of the Elefsina refinery.
more »
European ministers meet on Tuesday and Wednesday in Brussels at the final Competitiveness Council to be held during the six months of the Spanish Presidency, which has an agenda laden with important issues such as the electric vehicle, the European patent system and national R+D investment goals.
more »