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German economy skirts recession - Vimarsana News

German economy skirts recession

The German economy skirted a recession at the start of the year, growing more than expected thanks to the construction sector and exports, preliminary data showed on Tuesday. "Instead of an upturn, only narrow-gauge growth is in sight," said Alexander Krueger, chief economist at Hauck Aufhaeuser Lampe Privatbank. The statistics office revised the data for the last quarter of last year to show a 0.5% contraction, rather than the fall of 0.3% that was previously reported.

Source: yahoo.com
German unemployed rate remains at 6% in April - Vimarsana News

German unemployed rate remains at 6% in April

The number of unemployed in Germany fell by only 20,000 to 2.75 million in April compared to March due to a weak spring recovery on the labour market, the Federal Labour Agency announced on Tuesday. That is 164,000 more unemployed than a year ago. The unemployment rate remained unchanged from March at 6%. Compared to the same month last year, the rate increased by 0.3 points. For the April statistics, the Federal Employment Agency used data that was available up to the 15th of the month. "The la

Source: yahoo.com
Construction, exports help German economy skirt recession in Q1 - Vimarsana News

Construction, exports help German economy skirt recession in Q1

The German economy grew modestly in the first quarter of the year, official data showed Tuesday, skirting a recession following a weak end to...

German labor market sees weak spring recovery - Vimarsana News

German labor market sees weak spring recovery

BERLIN, April 30 (Xinhua) -- Germany's unemployment rate remained 6 percent in April, with the number of jobless people down 20,000 month-on-month to 2.75 million, the Federal Employment Agency (BA) said Tuesday.

German government launches a drive to get more Ukrainian and other refugees into jobs - Vimarsana News

German government launches a drive to get more Ukrainian and other refugees into jobs

The German government on Wednesday announced a drive to get more Ukrainian and other refugees into jobs now that many have a usable knowledge of the German language. The government is trying to address both a shortage of skilled labor and concerns about high levels of migration. Germany has taken…