Rise of German economy puts unemployment at four-year low
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Recovery of the German economy -- the biggest in the 12-country eurozone -- is feeding into jobs and unemployment has fallen below four million for the first time for four years.
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Unemployment in Germany tumbled to its lowest level in 14 years this month, as the current boom in the eurozone&#39;s biggest economy pushes up demand for labour to all-time highs, data showed on Thursday.
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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 jobless rate dropped to 10.3 percent in September from 10.5 percent a month earlier, but the country's economic recovery has yet to make any real impact on stubbornly high unemployment, the government's labor office said Tuesday.
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August employment grew at the slowest rate in four years.
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The German economy, Europe s largest, grew at the fastest pace in four years in 2004 as a surge in exports more than compensated for a slump in consumer spending.
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German economic growth will slow next year as foreign demand for goods and services cools and unemployment at a five-year high damps consumer spending, the country&#39;s six leading economic research institutes said.
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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 nation's unemployment rate climbed to a four-month high of 4.6 percent as somewhat wary employers added fewer new jobs in January. Wage gains were more modest.
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The German economy, the biggest in the 12-country eurozone, appears to have just scraped past its third recession in just four years at the end of 2004, official data showed.
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Germany's economy, Europe's largest, expanded at the slowest pace in more than a year in the third quarter as increased investment in machinery failed to offset a drop in exports and consumers' reluctance to ...
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Germany's public deficit amounted to 4.0 percent of gross domestic product in the first six months of the current year, well above the EU limit of 3.0 percent, official data showed.
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BERLIN  - The German economy slowed unexpectedly in the fourth quarter of 2004, contracting by 0.2 per cent as domestic demand shrank and outweighed increased exports, the government statistics office said Tuesday.
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The current economic boom in Germany enabled Europe&#39;s biggest economy to hold its jobless rate at the lowest level for six years this month, data showed on Thursday.
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The Bundesbank is forecasting growth of 1.2 - 1.3 percent for the German economy next year, much less than the government's official forecast of 1.7 percent.
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Germany's unemployment rate unexpectedly rose to 10.7pc in September, the highest since February 1999, as a shrinking domestic economy prompted companies to demand more from existing staff rather than adding ...
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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.