8 May 2001, 12:15 German labor market stagnates in April as economy slows
--German April seasonally adj jobless up 6,000 vs March
--W German Apr seasonally adj jobless up 14,000 vs Mar
--E German Apr seasonally adj jobless down 8,000 vs Mar
--German April jobless at 3.868 mln vs March 4.000 mln
--W German Apr jobless at 2.474 mln vs Mar 2.539 mln
--E German Apr jobless at 1.394 mln vs Mar 1.461 mln
--German April unemployment rate at 9.5% vs March 9.8%
--W German Apr unemployment rate at 7.5% vs Mar 7.7%
--E German Apr unemployment rate at 17.7% vs Mar 18.6%
--German labor head: Econ slowdown lead to labor mkt stagnation
Frankfurt, May 8 (BridgeNews) - German seasonally adjusted
unemployment rose for the fourth consecutive month in April, as a slowing
economy lead to stagnation in the labor market, German Federal Labor
Office President Bernhard Jagoda said Tuesday when presenting the latest
unemployment report. The number of unemployed in Germany in April rose
above analysts' expectations, climbing a seasonally adjusted 6,000 from
the previous month, compared with a revised monthly rise of 14,000 in
March.
* * *
A Bridge Fokus Deutschland survey of economists had forecast the
number of unemployed rising around 3,000 in seasonally adjusted terms.
In western Germany, the number of seasonally adjusted jobless jumped
14,000 on the month in April, compared with a revised monthly rise of
8,000 in March.
In eastern Germany, the April figure was down 8,000, compared with a rise
of 6,000 in March.
In seasonally adjusted terms, German unemployment in April totaled
3.809 million people compared with revised 3.801 million in March, while
in western Germany seasonally adjusted unemployment reached 2.449 million
from a revised 2.435 million in March. Total April eastern German
unemployment stood at 1.359 from 1.367 million a month earlier.
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