German Employment Growth Continues To Slow In June
Source: http://germaneconomy.blogspot.com/2008/07/german-employment-growth-continues-to.htmlPosted on Thursday, July 31st, 2008 | In Economics, Germany
In June the number of persons in employment in Germany was 40.20 million, according to the latest data from the Federal Statistics Office, an increase by 564,000 persons (+1.4%) when compared with June 2007. Compared with May, the number of persons in employment was up by 35,000 (+0.1%). So the trend of a slightly decelerating rise in employment continues, which was also observed in the last few months. The rate of job creation reached its maximum in October 2007, and has been slowing steadily since.
Slightvariations are occuring in the data at the present time, since the Federal Statistics Office is conducting a revision of the national accounts, and previous provisional monthly, quarterly and annual employment results are being recalculated from the year 2004. All additional sources of employment statistics that had become available by the time of the current calculation were incorporated into the employment accounts.
German unemployment, which has been enjoying its longest decline since reunification in 1990, fell at a slower pace in July reflecting the general slowdown in the economy. The number of people out of work, adjusted for seasonal swings, dropped 20,000 in July to 3.25 million after falling 38,000 in June, the Nuremberg-based Federal Labor Agency said today. According to the latest ILO comparable data, Germany’s jobless rate was 7.3 percent in June.
Last 5 posts by Edward Hugh
- Global Manufacturing, France Outperforms, As Spain Continues To Flounder - November 3rd, 2009
- A New Spectre Is Haunting Europe, A Spanish One - October 31st, 2009
- Beyond The Consensus On European Bank Credit - October 27th, 2009
- The French Rebound Continues In October While Germany Moves Sideways - October 27th, 2009
- The French Rebound Continues In October While Germany Moves Sideways - October 27th, 2009
Economics, Federal Labor Agency, Federal Statistics Office, Germany, Germany, Nuremberg
 About Edward Hugh (http://globaleconomydoesmatter.blogspot.com)
Edward Hugh is a macro economist, who specializes in growth and productivity theory, demographic processes and their impact on macro performance, and the underlying dynamics of migration flows. Hugh is a founding member and regular contributor to a number of economics weblogs, including Global Economy Matters, Demography Matters and a number of others. Edward 'the bonobo' Hugh is a Catalan economist of British extraction based in Barcelona. By inclination he is a macro economist, but his obsession with trying to understand the economic impact of demographic changes has often taken him far from home, off and away from the more tranquil and placid pastures of the dismal science, into the bracken and thicket of demography, anthropology, biology, sociology and systems theory. All of which has lead him to ask himself whether Thomas Wolfe was not in fact right when he asserted that the fact of the matter is "you can never go home again". He is currently working on a book with the provisional working title "Population, the Ultimate Non-renewable Resource". Edward also writes regularly for the demography blog Demography Matters. He also contributes to the Indian Economy blog . His personal weblog is Bonobo Land . Edward's website can be found at EdwardHugh.net. Edward follows in detail the Indian, Italian, Spanish, German and Japanese economies. He also has a more than a passing interest in the economies of Turkey and Brazil and in the emerging economies of Eastern Europe. |
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