German jobless rate ticks up in January






BERLIN (AP) — The number of Germans without jobs increased in January but analysts say the labor market still looks strong when the effects of the winter weather are taken into account.


The Federal Labor Office said Thursday the number of jobless rose 298,000 in January over the previous month to 3,138,000. The unemployment rate rose 0.7 percentage points to 7.4 percent.






But when adjusted for seasonal factors, the number of unemployed actually dropped 16,000 for an adjusted rate of 6.8 percent.


The jobless rate usually increases during the winter months when certain sectors, like construction, have less work.


ING economist Carsten Brzeski says “today’s numbers confirm that the German job miracle has lost some of its magic — however, even without being miraculous, the labor market should remain growth-supportive.”


Weather News Headlines – Yahoo! News





Title Post: German jobless rate ticks up in January
Url Post: http://www.news.fluser.com/german-jobless-rate-ticks-up-in-january/
Link To Post : German jobless rate ticks up in January
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment




You're reading an article about
German jobless rate ticks up in January
This article
German jobless rate ticks up in January
can be opened in url
http://donotburntherambam.blogspot.com/2013/02/german-jobless-rate-ticks-up-in-january.html
German jobless rate ticks up in January

Title Post: German jobless rate ticks up in January
Rating: 100% based on 99998 ratings. 5 user reviews.
Author: Donotburntherambam News

Thanks for visiting the blog, If any criticism and suggestions please leave a comment