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1/4/08

IHT: Germany surprises with big drop in unemployment for December - by Mark Landler

For the complete report from the International Herald Tribune click on this link

Germany surprises with big drop in unemployment for December - by Mark Landler

"Of all the measures of Germany's economic revival over the last two years, none may be more telling than this one: There are 711,000 fewer people out of work here than in 2006 and 1.5 million fewer than in 2005, when unemployment peaked at more than five million. The German government released employment data for December on Thursday, surprising experts again, this time with a larger-than-expected decline of 78,000 unemployed, adjusted for seasonal factors. Economists had expected the number of people out of work to fall by 25,000. It was the 21st consecutive month of falling numbers."

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