Thursday, January 3, 2008

German Unemployment Probably Fell to 15-Year Low in December

(Bloomberg) - German unemployment probably fell to the lowest in almost 15 years in December as companies hired workers to process export-led orders, shrugging off signs that economic growth is slowing, a survey of economists showed.

The number of people out of work fell by 35,000, when adjusted for seasonal swings, according to the median of 27 forecasts in a Bloomberg News survey. The decline would take the jobless rate to 8.5 percent, the lowest since April 1993. The Federal Labor Agency will publish the figures at 9:55 a.m. in Nuremberg today.

Read more at Bloomberg

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