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German Unemployment Falls, While Employment Rises, But How Long Will It All Last?

Posted on July 01, 2008

German unemployment declined in again in June, pushing the jobless rate to the lowest level in almost 16 years. The number of people out of work, adjusted for seasonal changes, fell 38,000 from May to 3.27 million, according to data from the Nuremberg-based Federal Labor Agency released today. The seasonally adjusted unemployment rate declined to 7.8 percent from 7.9 percent in May, while the ILO...

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