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
The European Commission approved an application from Spain for assistance from the EU Globalisation Adjustment Fund (EGF).
more »
The European Commission today reiterated the potential of existing EU-rules on mediation in cross-border legal disputes, reminding Member States that these measures can only be effective if put in place by Member States at national level.
more »
Exports of animals and animal products from the European Union to Russia are expected to receive a boost after five new certificates for exports between the EU and the Russian Federation entered into force on August 15.
more »
World Bank Group President Robert B. Zoellick visited Moldova on August 11-12 at the invitation of Prime Minister Vlad Filat.
more »
These are the financial results of the banking activities of the Danske Bank Group in Lithuania (Danske Bankas and Danske Lizingas UAB).
more »
The European Investment Bank (EIB) today signed its first loan agreement with Armenia.
more »
Given the worsening food crisis in the Sahel, the Commission today agreed to disburse €14.9 million for food security in Niger, the worst affected country in the area.
more »
The European Commission has cleared under the EU Merger Regulation the proposed restructuring of Arnotts' debts in return for a transfer of control to Anglo Irish Bank and Royal Bank of Scotland (RBS).
more »
The European Commission today approved a new financial support package of €135 million for Morocco.
more »
The European Commission is allocating an extra €10 million in humanitarian aid for Liberia.
more »