Joblessness fell a seasonally-adjusted 6,000 to 2.79 million, the Federal Labor Agency in Nuremberg said on Tuesday. Economists had predicted a drop of 10,000. The unemployment rate remained at 6.4 percent, the lowest level since German reunification.
Germany’s economy will probably continue to expand in the coming months, supported by consumer spending even as manufacturing remains sluggish, according to the Bundesbank. Business confidence remains strong and the country is poised to benefit from an accelerating recovery in the euro area, its largest trade partner.
Chosen excerpts by Job Market Monitor. Read the whole story at German Unemployment Declines for Eighth Month as Recovery Firms – Bloomberg Business.
The euro zone’s number one economy will need an army of immigrants to keep its economy going, a Bertelsmann study showed on Friday. Europe’s powerhouse needs some 500,000 immigrants each year in order to stabilize its labor force and social welfare system until 2050, the newest study from think-tank Bertelsmann showed on Friday. The study … Continue reading
Germany – The number of unemployed graduates of African descent has increased from about 2,000 to nearly 12,000 from June 2013 to June 2014
Over the last couple of years the number of students from sub-Saharan Africa, who come to study and work in Germany, has increased. But getting a job can be difficult depending on the field of study one is taking. Most students from African countries who happen to study in Europe or the US prefer to … Continue reading
Looking at sound economic growth in Germany and the long-lasting stagnation in Italy often raises the question of what is going on behind the scenes. Many Italian people ask themselves to whom or what should be blamed for, the government and policy makers, labour market reforms, education system or the culture? While the sluggish economy … Continue reading
American employees put in longer workweeks than Europeans. They are also more likely to work at undesirable times, such as nights and weekends. This column argues that the phenomena of long hours and strange hours are related. One possibility for this is cultural – Americans simply enjoy working at strange times. Another, more probable explanation, … Continue reading
Until 2005, Germans who were out of work and in need would receive 60% of the net salary of their last job 67% if they had children, tax free, then after a year, it would go down to 53%. Former chancellor Gerhard Schröder made it his mission to change this system, a programme known as … Continue reading
Forget the strong euro or competition from Asia. German industry’s main concern today isn’t selling its products but finding the people to make them. The country’s 200-year-old two-tier education system, credited for building one of the most productive workforces on the planet, is sputtering as young Germans increasingly shun vocational schools—the gateway to manufacturing careers—for … Continue reading
Germany’s current economic success offers a good platform for achieving sustainable and inclusive growth, but further reforms will be necessary over the medium and long term, according to the latest OECD Economic Survey of Germany. Among the priorities are making the tax system more socially just and environment-friendly, strengthening the financial sector, so that it … Continue reading
Just one-third of German school-leavers each year go to university; the other two-thirds enter the dual trainee programs Continue reading
Last month, I was very fortunate to be included in a study tour of the German dual-system of education and training led by Minister Kenney. He invited CFIB and several other provincial, business and union officials to look at Germany’s successes in vocational training and to determine if there are any lessons for Canada. To … Continue reading