Germany nears 1990 jobless level
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German unemployment rises again, taking the average jobless total to its worst level since reunification in 1990.
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Germany&#39;s economy is still on the mend despite an unexpectedly sharp slowdown in growth over the summer, the country&#39;s central bank said Monday, predicting that exports would rise in the fourth quarter.
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Germany's jobless rate rose to nearly 11 percent in December, the government's labor office said Tuesday, the same day that France said its growth stalled in the third quarter.
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BusinessWeek Online - The jubilation that swept East Germany after the fall of the Berlin Wall in 1989 long ago gave way to the sober reality of globalization and market forces. Now a decade of resentment seems to be boiling over. In Eastern cities such as Leipzig or Chemnitz, thousands have taken to the streets since July to protest cuts in unemployment benefits, the main source of livelihood for 1.6 million East Germans. Discontent among reunification's losers fueled big gains by the far left and far right in Brandenburg and Saxony state elections Sept. 19. ...
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The number of people out of work in Germany rose to 10.8 percent of the workforce in November from 10.7 percent in October, the government said Thursday.
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FRANKFURT The German economy slowed in the third quarter, the government said Thursday, amid signs that the rise in the euro is taking a toll on exports.
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Official figures show that unemployment rose sharply in Germany in September, a sign that the economy remains weak.
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There is not much to laugh about in Germany these days, everyone from its bakers to its bankers readily will tell you, citing with long faces their chronic unemployment and how they are suffering under ...
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Business confidence in Germany is at a 15-year high although economic growth slows in the third quarter.
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Germany's jobless rate falls to a 14-year low, despite the high euro and muted consumer confidence.
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Germany&#39;s recovery slowed in the third quarter as exports slipped, with the economy growing by 0.1 percent from the previous three months, according to government figures released Thursday.
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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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The number of people officially registered as unemployed in Germany is set to rise this month as a result of labour market reforms that came into effect on January 1, German Economy and Labour Minister Wolfgang ...
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BERLIN  - Germany's leading economic institutes on Tuesday raised their growth forecast for the country this year to 1.8 per cent, but predicted that the recovery in Europe's largest economy would slow next year amid slowing export growth and high oil prices.
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The number of jobless in Germany rose in October, data released Wednesday showed, complicating the government&#39;s already tough task of trying to draft a budget that will respect European Union guidelines.
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BERLIN (Der Spiegel Magazine) -- Seventeen years after German reunification, little remains of the optimism which marked the heady days after the fall of the Berlin Wall. The "blooming landscapes" which then Chancellor Helmut Kohl promised in 1990 have conspicuously failed to materialize, and the former East Germany is still lagging behind the west in terms of economic development. The minister responsible for developing eastern Germany has warned that the region may need up to 20 years before it reaches the level of the west. The main problems are long-term unemployment and right-wing extremism, he says. "The gap is closing, but it is closing far too slowly," Transport Minister Wolfgang Tiefensee, who is responsible for the development of the former East Germany, said Wednesday as he presented an annual report on the progress of the eastern states. It could take up to another 20 years before the quality of life in eastern and western Germany is the same, he said.
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Wall or no wall, eastern Germany's best and brightest still want to get out. Since 1991, the first full year of Germany unity, 2 million people have migrated to the economically sounder west of Germany and ...