Business World

Tuesday 24 April 2018

German jobless figures at lowest since 1991 reporters

GERMAN jobless figures fell to their lowest since 1991 in December, new figures show.

According to the German Federal Labour Agency, the adjusted unemployment rate fell to 6.8pc last month from 6.9pc in November.

The figures mark a record low since post-unification statistics were first published.

The seasonally-adjusted unemployment figure was 2.88m last month.

Since the fall of the Berlin Wall in 1989, the jobless figure had reached 12pc at times with the demise of old industries in East Germany.

But now parts of the former communist East are benefiting from increased competitiveness in areas like technology.

While the East is still behind the west economically, the divide is lessening.

But economists have warned that this year could be a tricky one with low growth expected across the globe.

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