Belfast Telegraph

Wednesday 17 September 2014

German jobless rate rises to 8.6%

Unemployment in Germany has jumped to 3.617m people this month, official figures showed yesterday, as Europe's biggest economy continued to fight its way out of its worst economic crisis in decades.

The Federal Labour Office reported that the rate was 8.6% compared with 7.8% in December.

The unusually early and cold winter weather contributed to a loss of jobs and productivity.

Seasonally adjusted, the unemployment rate increased to 8.2% from 8.1%.

The office said the effects of the economic crisis were acute, though considering the massive decline in production, it has so far only had a moderate affect on the labour market.

Germany’s official recession ended last year after its economy, and that of France, grew by 0.3% from April to June.

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