German jobless numbers dip, but no turnaround

3rd November 2004, Comments 0 comments

3 November 2004, NUREMBERG - The number of unemployed in Germany fell slightly in October over the previous month but labour agency officials said Wednesday they saw no sign of a turnaround on the jobs market. Unemployment was up from the October figure last year, while the seasonally adjusted figure rose by 12,000 to 4.457 million, the Federal Labour Agency in Nuremberg said. Agency chairman Frank-Juergen Weise said that despite growth forecasts for the German economy a turnaround on the labour market cou

3 November 2004

NUREMBERG - The number of unemployed in Germany fell slightly in October over the previous month but labour agency officials said Wednesday they saw no sign of a turnaround on the jobs market.

Unemployment was up from the October figure last year, while the seasonally adjusted figure rose by 12,000 to 4.457 million, the Federal Labour Agency in Nuremberg said.

Agency chairman Frank-Juergen Weise said that despite growth forecasts for the German economy a turnaround on the labour market could not yet be detected.

Agency board member Heinrich Alt said predicted economic growth of some 1.8 percent this year in Germany would not lead to any discernible reduction in unemployment in 2005.

The agency forecasts a reduction of jobless numbers of some 15,000 compared to a government forecast of 25,000.

The October unemployed figures show the number of jobless down 50,100 over September to just over 4.2 million before seasonal adjustments. It represents a drop in the unemployment rate of 0.2 percentage points to 10.1 percent.

However, 55,300 more people were registered as out of work than in October 2003.

October's drop is largely thanks to a reduction in eastern Germany where the number of jobless fell by 42,500 from September to just over 1.51 million. In western Germany, the numbers dropped by 7,600 to just under 2.7 million.

Eastern Germany had an unemployment rate in October of 17.5 percent (17.3 percent in October 2003), while the figure for western Germany was 8.2 percent (8.0 percent).

DPA

Subject: German news
 

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