German unemployment falls as expected in November

Record ID: 74957

  • Title: German unemployment falls as expected in November
  • Date: 30th November 2016
  • Summary: NUREMBERG, GERMANY (NOVEMBER 30, 2016) (REUTERS) VARIOUS EXTERIORS OF FEDERAL LABOUR OFFICE HEAD OF THE FEDERAL LABOUR OFFICE, FRANK-JUERGEN WEISE, ARRIVING FOR NEWS CONFERENCE LABOUR OFFICE LOGO (SOUNDBITE) (German) HEAD OF THE FEDERAL LABOUR OFFICE, FRANK-JUERGEN WEISE, SAYING: "The labour market developed in a broadly favourable way in November. Unemployment decreased further and demand for new workers continued to develop at a high level. The employment level has, however, stagnated recently. In November there were 2.532 million unemployed, unemployment rates were at 5.7 percent, seasonally adjusted jobless rates fell by 5000. Compared to last year the unemployment rate has sunk by 101,000." NEWS CONFERENCE IN PROGRESS VARIOUS OF PAPERS WITH JOBLESS FIGURES (SOUNDBITE) (German) HEAD OF THE FEDERAL LABOUR OFFICE, FRANK-JUERGEN WEISE. SAYING: "The prospects on the employment market seem to continue to be favourable. The number of people contacting us in the expectation of losing their job is regressive. The risk of becoming unemployed has been reduced." CLOSE OF HANDS NEWS CONFERENCE IN PROGRESS PAPERS (SOUNDBITE) (German) HEAD OF THE FEDERAL LABOUR OFFICE, FRANK-JUERGEN WEISE. SAYING: (ON WHETHER TRUMP'S WIN WILL HAVE AN AFFECT ON THE LABOUR MARKET) "We really still have to wait and see what the actual results are and not what we expect to happen. All these decisions will have an impact on the economic development, but certainly it will not be noticeable yet. The concrete need for the services and goods that we produce is there and it is the companies that decide on their business, politicians just set the parametres. In the long-run it is certain to have some influence." NEWS CONFERENCE IN PROGRESS
  • Embargoed: 15th December 2016 11:18
  • Keywords: Unemployment Germany labour market
  • Location: NUREMBERG AND COLOGNE, GERMANY
  • City: NUREMBERG AND COLOGNE, GERMANY
  • Country: Germany
  • Reuters ID: LVA0015AMZHCD
  • Aspect Ratio: 16:9
  • Story Text:German unemployment fell in line with expectations in November, keeping the jobless rate in Europe's biggest economy at a record low, data from the Federal Labour Office showed on Wednesday (November 30).
    "The labour market developed in a broadly favourable way in November," Frank-Juergen Weise, head of the Federal Labour Office, said.
    He added: "Unemployment decreased further and demand for new workers continued to develop at a high level. The employment level has, however, stagnated recently."
    The seasonally adjusted jobless total fell by 5,000 to 2.658 million, the Labour Office said. That was in a line with a consensus forecast in a Reuters poll.
    The adjusted unemployment rate remained at 6.0 percent, the lowest level since German reunification in 1990.
    The election of Donald Trump to the U.S. presidency will likely have an effect on the German labour market, but was still to early to call, Weise said.
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