No Improvement on German Job Market

Published: 6 September 2004 y., Monday
The number of people looking for work in Germany rose in August, as the modest economic recovery was not enough to create any new jobs in the eurozone's biggest economy, official data showed on Thursday. The Bundesbank, Germany's central bank, calculated that the number of people out of work last month rose by 24,000 to 4.414 million, equivalent to 10.6 percent of the working population. Unemployment in Germany has been increasing steadily since the beginning of the year, with a total 145,000 more people on the dole in August than in January. The Bundesbank data are seasonally adjusted. Raw or unadjusted data published separately the Federal Labor Agency in Nuremberg painted a slightly more positive picture, with the unadjusted jobless total falling by 13,400 to 4.347 million. But that decline was solely a result of seasonal factors and not any fundamental improvement in the labor market -- unemployment usually decreases at this time of year at the start of the school term and as factories re-open after the summer holidays. In regional terms, the seasonally adjusted jobless total in western Germany increased by 18,000 to 2.809 million, equivalent to a jobless rate of 8.6 percent.
Šaltinis: dw-world.de
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

New Yorkers take a dip in dumpsters

Hundreds of New Yorkers enjoy a dip in rubbish dumpsters that have been converted into swimming pools as part of the city's summer initiative. more »

Lithuania funded the reconstruction of a school in Southern Afghanistan

On 19 July, a school, which had been reconstructed with the funding from Lithuania’s Special Mission in Afghanistan, was opened in the village of Suri, the Zabul Province in the South of Afghanistan. more »

Self-employed workers to gain maternity and pension benefits under new EU law

Self-employed workers and their partners will enjoy better social protection – including the right to maternity leave for the first time – under new EU legislation that enters into force today. more »

Valuable Ansel Adams negatives found

A 45 U.S. dollar garage sale purchase turns out to be long lost Ansel Adams negatives worth 200 million dollars. more »

Boy survives three-floor fall

A Turkish toddler survives a three-floor fall from a balcony when he lands on a stack of plastic pipes. more »

Dead penguins found in Uruguay

Around 200 Magellan penguins, most of them dead, wash up on Uruguay's beaches. more »

Europeans call for more action on road safety in survey

Europeans are calling on Member States to boost their efforts to improve road safety, according to a survey published by the European Commission today. more »

Dementia patients on the rise as China’s population ages

With an increase in life expectancy in China has come an accompanying rise in dementia cases, which may leave the younger generation struggling to cope with treatment and care. more »

Turtle hospital full in Gulfport Mississippi

These baby sea turtles should be swimming in the Gulf of Mexico, but instead they are recovering at the Institute for Marine Mammal Studies in Mississippi. more »

Argentina's Siesta Hotel

Reviving the Latin American tradition of the afternoon siesta, a hotel in Argentina brings siesta to the corporate workforce. more »