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German unemployment keeps stable in July

07-30-2010 11:14 BJT

BERLIN, July 29 (Xinhua) -- German unemployment kept stable in July, the Federal Labor Office (BA) said on Thursday.

The Nuremberg-based Federal Labor Office said the unemployment in July was 7.6 percent, 0.1 percent higher than that in June. However, after seasonal adjustment, the jobless rate fell 0.1 percent from June to 7.6 percent.

The number of unemployed people increased 39,000 in July than June, due to the beginning of the holiday season in summer, the BA said. After adjustment, the people without work decreased by 20, 000 in July than previous month.

"The labor market has kept improving, along with the recovery of German economy,"said BA chief Frank-Juergen Weise.

Experts are also positive about the outlook of the German unemployment in the next half year, as it has kept falling for 13 months during the worst economic crisis after world war II.

"We expect the downward trend in unemployment will continue in the second half of this year," Alexander Koch, an economist with UniCredit in Munich, said.

The good performance of the unemployment also provides a support for the current coalition government, which has suffered the lowest level of supporting since it came to power. "The outlook of the unemployment is good, so that we can realize the goal of reducing the unemployed people to three million by the end of the year," Economy minister Rainer Bruederle said.

Editor:Jin Lin |Source: Xinhua

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