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Unemployment increases in Germany

Tuesday, 04 January 2005 15:36:00 (GMT+3)   |  

Unemployment increases in Germany

Germany's unemployment rate showed a rise of 10.8% in December. The number of unemployed was determined by the official institutions as 4.46 million people in the month of December. Unemployment usually rises in the winter season as sectors, such as construction, lay off workers as a result of the adverse weather conditions. It is also reported that economic revival is not strong enough to improve the overall situation in the labor market. In November, the number of unemployed in Germany was 4.26 million people, equivalent to a jobless rate of 10.3%.

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