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Germany Unemployment

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Beata Arul

on 18 June 2013

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Transcript of Germany Unemployment

o.7% Youth unemployment in Germany being the lowest in the EU closely followed by Austria with 0.8%.
This graph shows that the unemployment rate in the last two years has been decreasing the highest in July 2011 with 6% and the lowest in Jan 2013 with 5.4% a decrease of 0.6%.
The German economy - the fifth largest economy in the world in PPP terms and Europe's largest - is a leading exporter of machinery, vehicles, chemicals, and household equipment and benefits from a highly skilled labor force.

The Bundesbank expects the economy to grow by 0.3% this year.

In 2014, it expects 1.5%.
its Unemployment and Economy
Germany is in Europe in the European Union
Youth Unemployment
Germany's Economy
Germany's Economy
Germany's economy barely grew in the first quarter of 2013 as exports and investment shrank. Gross domestic product rose 0.1% from the previous quarter, but it is a decrease 1.4% compared with 2012.

The figure showed the economy narrowly avoided falling into a recession. In the previous quarter, Germany's annual economic output shrank by 0.7%.

Unemployment in Germany rose during May

The country's Labour Office said that, on a seasonally adjusted basis, the number of people out of work increased by around 21,000 to 2.963 million

Bad weather and a relatively high number of public holidays are being blamed for the increase.

However, the jobless rate remained unchanged at 6.9% this is because of Germany's education.

German economics strength:
the secret of success
Germany has benefited greatly from the euro.

By forming alliances with economies where growth is slow and declining usually in southern Europe.

Therefore adopting a weaker currency.

Runs a balance of payments surplus (one of the few to do so)

Provided a boost to German exports, which are cheaper to overseas consumers

Low levels of private debt
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