Germany's Jobless Rate Flattens

World | September 4, 2003, Thursday // 00:00

German unemployment has flattened out, boosting hopes that the government attempts to reform the labour market might be having an effect. Adjusted for seasonal factors such as July's surge in school leavers joining the job market and rising agricultural hiring, more than 4 million people were out of work across Germany in August, unchanged from July. Economists had expected a rise in the adjusted figure but even officials are still afraid of more rises to come despite signs the economy may be picking up. "We don't see any improvement in the German labour market before the second quarter of next year," head of the Federal Labour Office Florian Gerster said.

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