Tuesday, March 01, 2005

German jobless rate at new record

More than 5.2 million Germans were out of work in February, reports BBC News
The figure of 5.216 million people, or 12.6% of the working-age population, is the highest jobless rate in Europe's biggest economy since the 1930s.
This is even highter than the 10% unemployment rate of France. By contrast, as we all know, the unemployment rate of the U.S. is only 5.2%, even lower than it was at the start of Clinton's second term.

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