6 February 2001, 16:31  GERMAN JAN JOBLESS RISES UNEXPECTEDLY; BAD WEATHER BLAMED

GERMAN JAN JOBLESS RISES UNEXPECTEDLY; BAD WEATHER BLAMED Seasonally adjusted unemployment rose by 7,000 in January due to bad weather, the Federal Statistics Office reported. Analysts had been expecting a fall of 20,000 instead. However, it should be noted that the rise in unemployment was concentrated almost entirely in west Germany. Meanwhile, employment data showed that total payrolls in November rose a seasonally adjusted 28,000 on the month. Compared with November 1999, employment was 542,000 higher, or up 1.4%.

© 1999-2024 Forex EuroClub
All rights reserved