Labor & Economic News Blog

Thursday, June 28, 2007

Germany: Unemployment Rate Declined in June

World Business Briefing: Germany: Unemployment Rate Declined in June
Germany’s unemployment rate slipped to 8.8 percent in June, from 9.1 percent in May, in a sign of better times for the country’s economy. The number of unemployed people fell to 3.687 million from 3.812 million in May, according to the state jobs agency. The agency said that 711,000 fewer people were jobless compared with a year ago. Some German officials have even warned about labor shortages for high-demand skills like engineers, a sign of how far the economy has come in reducing the jobless rate from above 12 percent in early 2006.

 



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