Germany's jobless rate declines in April
By Juergen Baetz |
April 30, 2010, Friday
|
Print Edition
Print Edition
GERMANY'S unemployment rate declined considerably in April, reflecting an improved economic environment, according to new government figures released yesterday.
The data from Europe's biggest economy indicated the unadjusted jobless rate for April was 8.1 percent, down from 8.5 percent in March.
The results show that Germany's labor market has experienced an "unexpectedly strong spring upsurge," Federal Labor Agency chief Frank-Juergen Weise said.
The figures show there are 3.4 million people unemployed in the country of approximately 82 million, down 162,000 the month before.
On a year-on-year basis, the number of unemployed declined by 178,000.
The downgrade was partly attributed to the return of spring and the seasonable jobs that creates, but even after adjusting for seasonal factors, 68,000 people fewer were registered as unemployed, showing an underlying strengthening of the economy.
"The overall fallout from the economic crisis remains moderate," the agency said and cited short-time work schemes as a main reason for the labor market's resilience.
Unemployment in Germany has been tamed by a government-backed program that allows companies to put workers on reduced hours in an effort to avoid layoffs.
"Unemployment declined more than expected for April," Labor Minister Ursula von der Leyen said.
The data from Europe's biggest economy indicated the unadjusted jobless rate for April was 8.1 percent, down from 8.5 percent in March.
The results show that Germany's labor market has experienced an "unexpectedly strong spring upsurge," Federal Labor Agency chief Frank-Juergen Weise said.
The figures show there are 3.4 million people unemployed in the country of approximately 82 million, down 162,000 the month before.
On a year-on-year basis, the number of unemployed declined by 178,000.
The downgrade was partly attributed to the return of spring and the seasonable jobs that creates, but even after adjusting for seasonal factors, 68,000 people fewer were registered as unemployed, showing an underlying strengthening of the economy.
"The overall fallout from the economic crisis remains moderate," the agency said and cited short-time work schemes as a main reason for the labor market's resilience.
Unemployment in Germany has been tamed by a government-backed program that allows companies to put workers on reduced hours in an effort to avoid layoffs.
"Unemployment declined more than expected for April," Labor Minister Ursula von der Leyen said.
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