German unemployment rate falls to five-and-half-year low in May
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The number of people out of work in Germany fell to the lowest level in five and a half years in May thanks to the current boom in Europe&#39;s biggest economy, official data showed on Thursday.
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The German economy grew by 2.5 percent last year, provisional figures released on Tuesday by the national statistics office Destatis showed.
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New claims for unemployment insurance last week plummeted by 43,000 to a five-month low of 317,000, the Labor Department said in an encouraging report for the labor market recovery.
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Business confidence in Germany, Europe&#39;s largest economy, probably declined to a four-month low in October amid signs that both export orders and consumer spending are slowing, a survey of economists showed.
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Germany's monthly jobless total for September reaches its lowest point for nearly 15 years.
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Germany's annual inflation rate rose to 1.5% last month, from a two-and-a-half- year low of 1.1% in October, the Statistics Office says.
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SINGAPORE : Singapore&#39;s unemployment rate has fallen to its lowest level in five years on the back of strong economic growth in the first half of the year, the government said Monday.
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German unemployment rose the most in five months in August as stagnant consumer spending and the threat of slowing growth discouraged executives in Europe s biggest economy from hiring.
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Germany's economy unexpectedly shrank in the final quarter of last year, dealing a blow to euro zone recovery hopes, preliminary German Federal Statistics Office data shows.
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The number of Americans applying for first-time jobless aid unexpectedly fell by 5,000 last week, according to a government report released on Thursday that bolstered hopes for faster job growth in 2005.
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British unemployment fell by 16,000 to 1.41 million between May and July, the lowest level since comparable records began in 1984, the Office for National Statistics said Wednesday.
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Australian unemployment fell to a record low of 5.3 percent in October, prompting analysts to warn that the country's powerhouse economic performance could increase pressure to hike interest rates early next year.
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The looming VAT hike and high oil prices have sent German investor confidence to a five-year low, a survey suggests.
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Germany's monthly jobless rate for September reaches its lowest level for more than 14 years.
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The unemployment rate in the 12 nations sharing the euro slipped in October to a five-and-a-half year low of 7.7 percent from 7.8 percent in September, the European Union's Eurostat data agency has said.
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The growth expectations of German finance professionals have dropped to their lowest level in 15 months amid fears that slowing global economic growth could hurt the nation's export-driven recovery, according to a survey released Tuesday.
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Japan&#39;s unemployment rate fell to a six-year low in November and industrial production picked up, offering evidence that the nation&#39;s recovery is continuing, although at a significantly slower pace than earlier in the year.