Wednesday, February 28, 2007

Forex News: 28.02.2007 The number of unemployed in Germany down by 79K in February

According to the data published by the Federal Statistical Office of Germany, seasonally adjusted number of unemployed was down by 79K in February, reflecting positive changes at the labour market.

In the preceding month the number of unemployed decreased by 160K and 35K decrease was expected in January.

Nevertheless, the unemployment rate was still high in Germany. Seasonally unadjusted unemployment rate was 10.1% in February, compared with 10.2% in January. Seasonally unadjusted number of unemployed was 4.222bln in February.

Seasonally adjusted number of unemployed was 3.897bln, while the unemployment rate was down to 9.3%, compared with 9.5% in the preceding month.


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