Thursday, June 30, 2016

Work: Unemployment rate drops to historic lows – THE WORLD

Historical Depression when unemployment in Germany: For the first time since reunification, the ratio fell below the six percent mark to 5, 9 percent as the Federal employment Agency on Thursday in Nuremberg announced. Furthermore, the labor market can absorb the refugee crisis without major problems. However, the Proposed referendum on United Kingdom membership of the European Union-vote also provides for BA chief Frank-Jürgen Weise for uncertainty.

In June even 2.614 million people were looking for a job. These were less than 50,000 in May and 97,000 less than in June last year.

BA boss way pointed out that for the first time after the reunification less than six per cent of people of working age were unemployed. In 1991 there were, in absolute terms, although lower unemployment, time was measured but “little unclean”.

With 5.4 per cent in West Germany and 8.2 percent in eastern Germany, the current unemployment rate even after the old and new countries differed in each case a record low. In West Germany it was last given in 1981 such a low unemployment rate.

Even when employment went the positive development. According to the latest data of the Federal Statistical Office in May the number of employed persons rose by 45,000 to 43.56 million. Compared to the previous year to May, representing an increase of 559,000. After BA calculations, the number of social insurance contributions rose in March to 31.33 million, compared to the previous March, an increase of 681,000.

According manner the German labor market is so robust that it collects the refugee crisis. Although climb, the number of unemployed refugees, but on the other hand there are more jobs. Therefore, the BA expects for 2016 continue with an average unemployment rate of less than 2.8 million. This would be less than the annual average, 2015.

In June, a total of 300,000 people who have come through the current refugee crisis to Germany, registered as unemployed. Compared to last year this is a doubling. Currently, there is an increase of 10,000 to 15,000 unemployed refugees per month, which is why the refugee crisis make impact on the labor market probably next year.

The Proposed referendum on United Kingdom membership of the European Union vote makes loud way at the moment not in the labor market noticeable. but he expected impact. The Commission acknowledges that a single country, the economy as a whole did not impress so much. “The difficult part is the psychology.” This could play a role in the financial markets. He was personally “appalled” by the vote of the British.

sage said, at a meeting of the heads of the EU labor agencies Proposed referendum on United Kingdom membership of the European Union had also been an issue. There is the expectation of changes in migration flows. People who are very qualified – approximately from Poland – are now likely to ask if they see in the UK for themselves and their families a future. “This will have an impact.”

Federal Labour Minister Andrea Nahles (SPD) called the German labor market as “real anchor of stability – for our country and in Europe.” In the coming months, but the consequences of forced migration would be more visible.

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