June 24, 2005

Western and Central Europe

German Unemplyment Drops (slightly)

by Edward Hugh

According to preliminary figures released today the number of people looking for work in Germany dropped in June for the third month in a row, but the slight change revealed little evidence of a real labour market turnaround.

Bild quoted preliminary figures from the Federal Labor Agency — the body responsible for compiling monthly unemployment statistics — in its front-page story.

The paper quoted agency sources as saying that the wave of layoffs in the country appeared to be ebbing.

The …..newspaper said that about 60,000 fewer people were jobless this month versus in May, leaving the national total at 4.75 million unemployed.

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