Germany's jobless climb toward 5m
Unemployment in Germany last month climbed over the 4.5-million mark for the first time since the 1930s. According to official figures published yesterday, the seasonally adjusted number of jobless increased in November by 11,000 to 4.526 million.
The statistics added to fears that unemployment might reach 5 million this winter. Bernhard Jagoda, President of the Labour Office, said he could not exclude such a scenario, but thought it unlikely.
As in previous months, Mr Jagoda maintained that joblessness was reaching a peak. "In the job market in Germany there are further signs that the bottom is being reached gradually, even though we still have to wait for fundamental improvement," he declared.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies