— May +39k, Apr +39k, Mar +44k, Feb +48k, Jan +69k, Dec +52k
FRANKFURT (MNI) – The number of employed persons in Germany rose
for the 16th consecutive month in May, reaching a new all-time high, the
Federal Statistical Office reported on Thursday.
May’s 39,000 rise boosted the number of employed in ILO terms to
40.833 million, giving an average increase of over 44,000 per month
since the brief dip in early 2010.
The June PMI poll showed private sector job creation rising to a
three-month high, driven by a surge in the services. Industry hiring, by
contrast, slowed to six-month low.
Households polled by GfK this month cited positive labour market
trends as the main reason for an upward revision in their income
expectations and their propensity to spend.
At 7:55 GMT today, the Labour Ministry is scheduled to release
seasonally adjusted jobless figures for June.
— Frankfurt bureau: +49 69 720 142: email: frankfurt@marketnews.com —
[TOPICS: M$G$$$,MAGDS$,M$X$$$,M$XDS$]
