This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-24344733
The article has changed 4 times. There is an RSS feed of changes available.
| Version 2 | Version 3 |
|---|---|
| German unemployment in surprise increase | German unemployment in surprise increase |
| (1 day later) | |
| The number of people out of work in Germany unexpectedly rose by a seasonally adjusted 25,000 in September to just under three million. | |
| Analysts had pencilled in a fall of 5,000, after a rise of 9,000 in August. | |
| The Federal Labour Office said there had been a cut in the number of government job schemes. | The Federal Labour Office said there had been a cut in the number of government job schemes. |
| Meanwhile, new figures showed unemployment across the eurozone dropping slightly in August to a rate of 12%. | Meanwhile, new figures showed unemployment across the eurozone dropping slightly in August to a rate of 12%. |
| Seasonal rise | Seasonal rise |
| The rise in German joblessness pushed the unemployment rate in Europe's biggest economy from 6.8% to 6.9%. | The rise in German joblessness pushed the unemployment rate in Europe's biggest economy from 6.8% to 6.9%. |
| "The seasonal increase in September is due to labour market policies providing less relief," said Heinrich Alt of the Labour Office. | "The seasonal increase in September is due to labour market policies providing less relief," said Heinrich Alt of the Labour Office. |
| He added that the department was changing to longer-term policies intended to train the unemployed. | He added that the department was changing to longer-term policies intended to train the unemployed. |
| Despite the rise, the unemployment rate is still close to its lowest level since reunification more than 20 years ago. | Despite the rise, the unemployment rate is still close to its lowest level since reunification more than 20 years ago. |
| Stabilisation | Stabilisation |
| Total unemployment in the eurozone was 19.2 million in August, with analysts saying the bloc is showing increasing signs of stabilisation. | Total unemployment in the eurozone was 19.2 million in August, with analysts saying the bloc is showing increasing signs of stabilisation. |
| Unemployment fell by 5,000 in the month after drops of 11,000 in July and 18,000 in June, according to official figures. | Unemployment fell by 5,000 in the month after drops of 11,000 in July and 18,000 in June, according to official figures. |
| As ever, the figure disguised wide variations in labour markets across countries that use the euro. | As ever, the figure disguised wide variations in labour markets across countries that use the euro. |
| The lowest unemployment rate was recorded in Austria at 4.9%, while Greece's latest figures showed 27.9% of working-age people did not have jobs. | The lowest unemployment rate was recorded in Austria at 4.9%, while Greece's latest figures showed 27.9% of working-age people did not have jobs. |
| Slow recovery | Slow recovery |
| Ben May, European economist at Capital Economics, said the figures provided further tentative signs that labour market conditions were improving. | Ben May, European economist at Capital Economics, said the figures provided further tentative signs that labour market conditions were improving. |
| "Since the labour market tends to react to changes in economic conditions with a bit of a lag, the health of the employment outlook may continue to improve over the coming months," he said. | "Since the labour market tends to react to changes in economic conditions with a bit of a lag, the health of the employment outlook may continue to improve over the coming months," he said. |
| But he added that with figures showing weak growth in the region as a whole, unemployment looked set to fall "only very gradually at best". | But he added that with figures showing weak growth in the region as a whole, unemployment looked set to fall "only very gradually at best". |
| Europe's statistics agency, Eurostat, said that compared with a year ago, the unemployment rate increased in 16 member states, fell in 11 and remained stable in just one - Poland. | Europe's statistics agency, Eurostat, said that compared with a year ago, the unemployment rate increased in 16 member states, fell in 11 and remained stable in just one - Poland. |
| The youth unemployment rate in the euro area fell by 52,000 on August 2012, to 3.46 million. | The youth unemployment rate in the euro area fell by 52,000 on August 2012, to 3.46 million. |
| This meant 23.7% of those aged under 25 were unemployed, compared with 23.4% the previous year. | This meant 23.7% of those aged under 25 were unemployed, compared with 23.4% the previous year. |