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German jobless total falls below 4 million for 1st time since 2002
Published in Saudi Press Agency on 30 - 11 - 2006


Germany's unemployment rate dropped to 9.6
percent in November as the number of people out of work
fell below 4 million for the first time in more than four
years _ the latest evidence of a gathering recovery in
Europe's biggest economy, AP reported.
The unadjusted jobless rate declined from 9.8 percent in
October, while the number of Germans registered as
unemployed sank by 89,000 to 3.995 million, the
government's Federal Labor Agency said Thursday.
The figure was last below the politically sensitive 4
million mark in October 2002, when it stood at nearly 3.93
million.
Chancellor Angela Merkel welcomed the figure, saying that
reforms and changes put into effect by her government in
the past year had «made this success possible.»
Still, she said there is still much to be done.
«There are still nearly 4 million people in Germany who
are waiting for jobs,» she said in a statement.
The labor agency credited the improvement above all to the
strengthening of the economy, although it said unusually
mild weather also was a factor in extending a traditional
autumn job upswing into November.
Helped by a sustained boom in exports and by investment at
home, Germany is emerging from years of sluggish growth.
Over recent months, the upturn has finally begun to make
itself felt in the labor market.


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