Quote from Mom0/pH0x:
a nice propaganda piece, but it's bullshit, if you believe this crap you have done humanity a grave disservice by reproducing...
germany's unemployment rate is LOWER than the united states by a huge margin, is lower than your inaccurate claims...
FRANKFURT (AFP) - German unemployment rose slightly to 8.3 percent of the workforce in August, official data showed on Tuesday, while analysts and officials warned of further increases in Europe's biggest economy.
Adjusted for seasonal factors, the Federal Labour Agency said the number of unemployed rose by 9,000 people from July to a total of 3.47 million, with a government scheme to subsidise shorter working hours "stabilising the labour market."
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"Repercussions from the economic crisis were felt in August on the labour market" however, a statement quoted agency president Frank Weise as saying.
Analysts polled by Dow Jones Newswires had forecast an increase of 30,000 unemployed workers and a jobless rate of 8.3 percent.
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On Monday, Labour Minister Olaf Scholz said in Der Spiegel magazine that unemployment would keep rising in the coming months, but remain below four million.
"The economic collapse will of course lead to a jump in unemployment in the coming months," the Social Democrat minister said, before adding that "this year we will stay under the four million mark."
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A state scheme subsidising firms to cut working hours has thus far prevented a flood of jobless claims but experts warn that a steady trickle in recent months could soon become a deluge.
According to an assessment by German newspaper Welt am Sonntag, the 30 companies on Frankfurt's DAX index (Xetra: news) of blue-chip stocks have axed a total of 50,000 jobs, including 30,000 in Germany, from October 2008 to June 2009.
But Germany has rebounded with unexpected speed from its worst recession in more than six decades, edging back to growth in the second quarter of this year with an expansion of 0.3 percent