Monday, March 3, 2008

UNEMPLOYMENT RATE IN GERMANY

Posted by AbuNada at 8:57 AM


The Federal Labour Office in Germany marked decline in unemployment rates during the month of February is clearly in the hopes of the German economy's ability to avoid the implications of slower growth of the world economy.

The report showed a decrease in the number of unemployed in Germany during the current month without a seasonal changes in the account by 50 thousand unemployed to 3.617 million jobless people, low unemployment rate increased by 0.1 percentage points to reach 8.6%, after declining by 89 thousand unemployed in the month of January last, as German television reported the "Deutsche Welle".

He said Frank Jurgen Feissh, President of the Federal Labour Office: "The request for companies to operate in the highest levels, as moderate weather helped during the current winter season improvement in the labour market over the past few months."

He explained that the data point to the loss of the German economy for a large portion of momentum at the beginning of the new year, as many companies are moving toward reducing the number of workers in the framework of a new round of retrenchment.

The experts expect the lower number of unemployed in Germany during the current month increased by 53 thousand unemployed after seasonal changes in the account.

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