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Germanjobless totals fall again in October


Germanjobless totals fall again in October


In another sign that Germany’s economy is improving unemployment fell in October.However economists point out that much of the decline was due to a government programme providing jobs for part-time low paid workers. The seasonally unadjusted figure – which is the one that is more commonly quoted in Germany – fell by 94,000.

That means the total is down to 11% of the working population, the lowest since last December. It has fallen for six out of the last seven months.The Economy and Labor Minister Wolfgang Clement said “current economic indicators point to an imminent economic revival.’‘

But economists remain unconvinced and say unemployed in Germany is likely to remain stubbornly high for a long time yet. The problem for the new government is that a majority of Germans are not confident about keeping their jobs and so they limit their spending.

The kind of temporary, part-time, so called “mini-jobs” the Labour Office is creating do not address that, even if they do reduce the monthly unemployment totals.

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