India | UK | US

German unemployment posts surprise fall - Update

Berlin - German unemployment fell for the second consecutive month in September, the nation's labour office said Wednesday. The numbers out of work in Europe's biggest economy dropped by 12,000 to 3.46 million this month, the Nuremberg-based labour o...
Posted : Wed, 30 Sep 2009 08:23:25 GMT
By : dpa
Category : Business
News Alerts by Email ( click here )
Business News | Home
Berlin - German unemployment fell for the second consecutive month in September, the nation's labour office said Wednesday. The numbers out of work in Europe's biggest economy dropped by 12,000 to 3.46 million this month, the Nuremberg-based labour office said. Analysts had predicted a rise of 20,000.

The numbers out of work in seasonally unadjusted terms dropped by 125,000 to 3.346 million in September resulting in the jobless rate sliding from 8.3 per cent in August to 8 per cent this month.

The release of the latest unemployment data comes as Chancellor Angela Merkel's conservative Christian Democrats prepare for talks with the pro-business Free Democrats to forge a new German Government after Sunday's national election.

However, labour office chief Frank-Juergen Weise warned that the latest data did not represent a turning point in the nation's job market.

"The effects of the economic crisis on the labour market remains noticeable," he said.

The drop in seasonally adjusted unemployment in September followed a surprise 1,000-fall in in August.

Until now, government-subsidized short-term work contracts have helped German employers avoid large-scale layoffs as a result of what has been the nation's steepest economic slowdown in a generation.

The September fall is a further sign that the German labour market has so far managed to withstand the fallout from the global economic contraction.

Copyright DPA

Share/Save/Bookmark

Article : German unemployment posts surprise fall - Update
Print this article
Email this article

Stay Updated
News gadget on your Google homepage
Subscribe to a news feed in Google Reader


Related News

EU market regulators raid Czech energy company
Brussels/Prague - The European Commission said Tuesday it had raided the premises of Czech energy company CEZ following concerns that it may have engaged in illegal practices aimed at shutting rival firms out of the market. The suspected illegal con...

GM will keep Germany's Bochum plant open, chief says
Duesseldorf, Germany - A threatened Opel car plant in the German city of Bochum will not now be closed, General Motors' (GM) European Chief Executive Nick Reilly said Tuesday. The 4,900 staff at the plant in western Germany had feared closure under G...

Thai shares down 2 per cent on fears of political violence
Bangkok - Thai shares fell 2 per cent Tuesday as investors became worried that weekend protest rallies could turn violent, as well as on sharp declines in share prices in China and Hong Kong, brokers said. The Stock Exchange of Thailand index ended a...

German business confidence, GDP rise strongly - Summary
Berlin - German business confidence rose for the eighth consecutive month in November, beating analysts' forecasts, a key survey released Tuesday showed, as signs emerge that recovery is gaining ground in Europe's biggest economy. In a major test of ...

Tokyo stocks down on worries about domestic finances - Summary
Tokyo - Stocks lost ground in Tuesday in Tokyo due to concerns about the state of government and private sector finances and the stronger yen. The benchmark Nikkei 225 Stock Average lost 96.1 points, or 1.01 per cent, to end trading at 9,401.58. ...

Tokyo stocks down on worries about domestic finances, strong yen
Tokyo - Stocks lost ground in Tuesday morning trading in Tokyo due to concerns about the state of government and private sector finances and the stronger yen. The benchmark Nikkei 225 Stock Average lost 50.32 points, or 0.53 per cent, to stand at 9,4...

German business confidence set to rise
Berlin - German business confidence rose for the eighth consecutive month in November, analysts predict a key survey to be released Tuesday will say, as signs emerge that recovery is gaining ground in Europe's biggest economy. In a major test of the ...

Have your Say
Name
Email
Subject
Your Comment

Enter Verification code
 
  

 

 

More Business News click here
Follow The Earth Times
Subscribe to RSS Follow Earth Times on TwitterNews by email
Share/Save/Bookmark

 
 



 
Subscribe to free Earthtimes
News Alerts by Email Click here
For RSS Feeds Click here
or Create your own RSS

Add to Google Toolbar
Breaking News
Press Releases

 


The Earth Times
News Category

© 2009 www.earthtimes.org, The Earth Times, All Rights Reserved | Privacy Policy
Earth Times accept no responsibility or liability either directly or indirectly for views or opinions expressed in articles or comments.