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Unemployed Germans are near extinct
(MENAFN) Number of German unemployed falls to lowest in 26 years, according to an official data released by the Federal Labor Office on Friday.
2.45 million Individuals were registered as unemployed, according to the numbers, in which this marks a historical low since the year 1991.
Federal Labor Office director Detlef Scheele said in a statement, "the labor market continued to enjoy a very positive development".
Scheele noted that most new job creation came from parts of the economy which were not only rather flexible to cyclical up-and-downswings such as social and health services, but also the more volatile trade, transport and logistics sectors.
2.45 million Individuals were registered as unemployed, according to the numbers, in which this marks a historical low since the year 1991.
Federal Labor Office director Detlef Scheele said in a statement, "the labor market continued to enjoy a very positive development".
Scheele noted that most new job creation came from parts of the economy which were not only rather flexible to cyclical up-and-downswings such as social and health services, but also the more volatile trade, transport and logistics sectors.
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