German Unemployment Continues to Rise

Unemployment figures have risen in Germany for the fifth month in a row. Whilst remaining at a post-reunification jobless low the employment market has suffered following a second quarter of falling GDP figures.

Down to 0.3 per cent GDP growth 9,000 more people were added to Germany’s unemployment figures taking the total to 2.901 million and a level of 6.8 per cent.

Whilst feeling the impact of the current economic crisis the German economy is still outperforming the other Eurozone nations, who have an average unemployment rate of 11.2 per cent whilst Spain and Greece face rates of nearly 25 per cent.

The German unemployment figures come soon after Chancellor Angela Merkel met with Italian Prime Minister Mario Monti to discuss future measures to resolve the euro crisis.

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