Germany's jobless drop 20,000 in August

Discussion in 'Economics' started by ASusilovic, Aug 31, 2010.

  1. German unemployment according to the concept of the International Labour Organization decreased seasonally adjusted 330,000 persons or 10.1% year-on-year to 2.96 million in July, the Federal Statistical Office said Tuesday. Compared with June 2010, the seasonally adjusted number of unemployed dropped by 20,000 persons or 0.8%.

    The seasonally adjusted unemployment rate, which is harmonized across the EU and measured as the share of unemployed in the total labor force, was 6.9% in July. In the corresponding month of the previous year, the unemployment rate was 7.6%.