German Unemplyment Drops (slightly)

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According to preliminary figures released today the number of people looking for work in Germany dropped in June for the third month in a row, but the slight change revealed little evidence of a real labour market turnaround.

Bild quoted preliminary figures from the Federal Labor Agency — the body responsible for compiling monthly unemployment statistics — in its front-page story.

The paper quoted agency sources as saying that the wave of layoffs in the country appeared to be ebbing.

The …..newspaper said that about 60,000 fewer people were jobless this month versus in May, leaving the national total at 4.75 million unemployed.

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About Edward Hugh

Edward 'the bonobo is a Catalan economist of British extraction. After being born, brought-up and educated in the United Kingdom, Edward subsequently settled in Barcelona where he has now lived for over 15 years. As a consequence Edward considers himself to be "Catalan by adoption". He has also to some extent been "adopted by Catalonia", since throughout the current economic crisis he has been a constant voice on TV, radio and in the press arguing in favor of the need for some kind of internal devaluation if Spain wants to stay inside the Euro. By inclination he is a macro economist, but his obsession with trying to understand the economic impact of demographic changes has often taken him far from home, off and away from the more tranquil and placid pastures of the dismal science, into the bracken and thicket of demography, anthropology, biology, sociology and systems theory. All of which has lead him to ask himself whether Thomas Wolfe was not in fact right when he asserted that the fact of the matter is "you can never go home again".