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Wednesday, January 04, 2012

Rethuglicans: Want to Keep Claiming High Wages Like in Germany Hurt the U.S. Economy?

Jobless Rate in Germany Edges Lower, Hitting 6.8%


Published: NYT, January 3, 2012

FRANKFURT — The German economy remained mostly immune to the malaise afflicting the rest of the euro zone in December, with data released Tuesday showing that unemployment fell slightly during the month and that the average number of jobless people for the full year was the lowest in two decades.

With nearly half a million job openings, Germany appears likely to continue to resist the downward pull of the sovereign debt crisis, at least for several months. The seasonally adjusted unemployment rate fell to 6.8 percent in December from 6.9 percent in November.


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