33479
German Jobs at Record High
World Economy

German Jobs at Record High

Favorable economic conditions and an influx of foreign workers boosted employment in Germany to its highest since reunification in 1990, according to data published on Monday as the jobless rate hovers at a historic low.
Around 43 million people living in Europe’s largest economy were in work last year, up 0.8% on 2014 and a 12th consecutive annual increase, the Federal Statistics Office data showed, Reuters reported.
It said an inflow of workers from eastern European states including Romania, Bulgaria and Croatia as well as from countries hit hard by the eurozone crisis such as Greece, Portugal and Spain had boosted employment.
Meanwhile, more people already living in Germany had found jobs thanks to the robust economy.
Germany’s unemployment rate has repeatedly reached monthly post-reunification lows in 2015 and fell in November to 6.3% from 6.4% the previous month, according to Federal Labor Office data. December’s data is due on Tuesday.
Croatian citizens have been able to work in Germany without restriction since the start of July, and Romanians and Bulgarians can take jobs in all European Union countries without a work permit since the beginning of 2014.
Germany saw a record influx of migrants last year, with 1.09 million entering the country, according to one newspaper.
Many are not yet in work, meaning the correlation between that number and the growth in employment was very limited, if linked at all, the office said.

Short URL : https://goo.gl/m3Fsdt
  1. https://goo.gl/d6GjPP
  • https://goo.gl/sbYyWZ
  • https://goo.gl/eSV0z1
  • https://goo.gl/9tAE8Q
  • https://goo.gl/ZjtFQG

You can also read ...

Asian Stocks Skid as Oil Woes Sap Sentiment
Asian stocks stumbled on Wednesday after weaker crude oil...
ASEAN Must Raise Green Investment by 400% p.a.
The Association of Southeast Asian Nations region needs to...
Central Europe Grows at Fastest Rate in 9 Years
Central Europe’s fastest expansion for nine years and strong...
Airbus Signs Biggest Ever Deal
Airbus SE announced the biggest commercial-plane transaction...
India Banks Bad Loans Rise Slowest in Two Years
Bad loans at India’s 38 listed banks rose at the slowest pace...
Japan Capital Expenditure Healthy, Economy Doing Well
Japan's economy shrugged off a consumer spending dip in the...
The Association of Southeast Asian Nations region needs
Peru’s economy grew 3.18% in September from the same month a...
 Greece in New Market Test
Greece on Wednesday offered to exchange some €30 billion ($35...

Trending

Googleplus