Wednesday, January 03, 2007

Forex News: 03.01.2007 ILO unemployment rate was down in Germany in November

Happy New Year !!!

The German labor market saw positive changes due to general economic growth and unusually warm weather. This is shown in the ILO labor market survey, released today by the Federal Statistical Office in Germany.

The number of unemployed was 3.0bln in November, down by 500.000 on a year earlier (-14.4%). At the annual rate, the unemployment rate was 7.0%, compared with 8.2% in November 2005.

When seasonally adjusted, the number of employed was up by 46.000mln, compared with the preceding month. The number of employed was up by 418.000 (+1.1%), compared with November of the previous year.


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