Surprise jobless rate boost for Germany

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Published on Nov 30, 2011 by

http://www.euronews.net/ Unemployment is down slightly in Germany, bringing a small measure of good news for the country amid the unrelenting euro crisis gloom.




The rate for November fell by 20,000, four times more than had been forecast.




It does not look much in percentage terms - down to 6.9 from 7 percent in October - but it is still a figure many other EU countries would be envious of. However, analysts are warning the reprieve may be temporary and that the effects of slowing economic growth will likely push unemployment up in the coming months.

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  • but these changing winds can blow cold and hostile...

  • europa ftw

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