Germany’s unemployment rate at record low

Germany’s unemployment rate at record low

Published at: 2018-01-05 10:53 | Author: CIJ Europe
The unemployment rate in Germany has dropped to a record low, falling to 5.5 percent in December from 5.6 percent the previous month. The country’s unemployment rate is the lowest it’s been since the 1990 reunification. The latest figures released from the Labor Office show that there were 761,000 job vacancies in December. The trend is expected to continue this year, with real wages also forecasted to increase. The growth will likely impact wages in the neighboring Czech Republic, with employers boosting pay in the hopes of preventing workers from relocating to Germany, according to local news reports.

Similar Stories:

Czech economic growth cools slightly in Q1
The Czech economy slowed to 4.4 percent in the first quarter of the year, compared to the  »
Koruna weakness could spark interest rate hike
The Czech koruna strengthened slightly against the euro at the beginning of the week, but  »
Hampl: Time to cool off the Czech economy
The Czech economy is overheating, in the view of vice governor of the Czech National Bank  »
IMF predicts cooling Czech economy in 2018
The International Monetary Fund is slightly less optimistic about the prospects for econom  »
Poland failed to win the next Jaguar and Land Rover factory, on which the automobile giant   »
hat the problems of the sector were never going to come from that side of the development   »
But last year also marked another important deal for Poland, as Norges Bank Investment Man   »