Source Pravda.Ru

German unemployment dips below 11 percent

Germany's unemployment rate edged down to 10.9 percent in November, falling below 11 percent for the first time since the summer, the government said Thursday. The unadjusted jobless rate was down from 11 percent in October. The Federal Labor Agency said nearly 4.53 million people were out of work, down 25,000 from the previous month. Previous German economics and labor minister Wolfgang Clement, who was replaced by Franz Muentefering as labor and social affairs minister last week, had said last month that November jobless figures would likely show a drop.

The seasonally adjusted figures were much better than expected. The number of unemployed in Germany in seasonally adjusted terms fell by 53,000 in November from the 29,000 decline in October.

The seasonally adjusted unemployment rate fell to 11.5 percent in November from 11.6 percent in October. Economists expected the seasonally adjusted jobless rate to remain at 11.6 percent in November.

In western Germany, there were 34,000 fewer people out of work in November while the number in seasonally adjusted terms fell by 19,000 in eastern Germany, reports the AP. I.L.

Comments
NATO's 5,000 warplanes ready to bomb Russia, Chinese media say
Ukraine owned the missile that shot down Flight MH17 Boeing
Ukraine owned the missile that shot down Flight MH17 Boeing
Kremlin refuses to announce Russia's further steps against Israel over Il-20 shootdown
Putin loses everything he has
Will USA strike Russian forces in Syria?
Putin loses everything he has
Putin loses everything he has
The new war front of the confrontation between Russia and Ukraine
The new war front of the confrontation between Russia and Ukraine
Russia blames Israel for Syria's move to shoot down Il-20 military aircraft above Mediterranean
Putin: Ilyushin shootdown is incidental
Yulia Samoilova, Russia’s disabled singer, migrates to Europe
How Russia can respond to Israel following Ilyushin Il20 shootdown
NATO's 5,000 warplanes ready to bomb Russia, Chinese media say
NATO's 5,000 warplanes ready to bomb Russia, Chinese media say
Israel's Netanyahu calls Putin, blames Syria for Il-20 crash
The new war front of the confrontation between Russia and Ukraine
How Russia can respond to Israel following Ilyushin Il20 shootdown
Kremlin refuses to announce Russia's further steps against Israel over Il-20 shootdown
Kremlin refuses to announce Russia's further steps against Israel over Il-20 shootdown