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FRANKFURT (MNI) – The number of employed in Germany rose for the
fourth straight month in seasonally adjusted terms in May, the Federal
Statistical Office reported Wednesday.
OR
FRANKFURT (MNI) – The number of employed in Germany rose for the
fourth straight month in seasonally adjusted terms in May, but to a
lesser extent than in the previous month, the Federal Statistical Office
reported Wednesday.
OR
FRANKFURT (MNI) – The number of employed in Germany surprisingly
declined in seasonally adjusted terms in May, correcting from April’s
four-fold increase versus March, data from the Federal Statistical
Office showed Wednesday.
In May, 40.xxx million were working, reflecting an
increase/decrease of xx,xxx (+0.1%) since April, as measured in
International Labour Organisation (ILO) terms.
Without factoring in seasonality, the number of employed was
up/down xxx,xxx (+x.x%) on the month to 40.xxx million. On the year,
however, the number was up/down x.x%.
Germany’s labour market remained remarkably resilient through the
crisis thanks to short-time work schemes that allowed many companies to
keep skilled employees in employment, at reduced hours.
Now, as the German economy has steadily recovered, with four
straight quarterly gains in GDP, a labour market recovery is also
beginning to take hold.
Germany’s industry association DIHK predicted earlier this month
that the number of employees in short-time work across the economy will
fall to 100,000 by the end of the year, versus 830,000 at the end of
March.
The national unemployment rate for June is scheduled for
publication at 7:55 GMT today. The median forecast of analysts polled by
MNI is for the jobless rate to remain unchanged at 7.7% and for the
number of seasoanlly adjusted unemployed to fall by 30,000.
— Frankfurt bureau: +49-69-720 142: email: frankfurt@marketnews.com —
[TOPICS: M$G$$$,MAGDS$,M$X$$$,M$XDS$]
