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January 4th, 2012 
FAKE NEWS for the Zionist agenda - 263,000 fewer unemployed than in 2010
By
Damien Gayle
Last updated at 4:40 PM on 3rd January 2012
Germany’s average unemployment rate in 2011 was the lowest since the country’s reunification two decades ago, official figures showed today.
The German Federal Labour Agency said the number of people out of work averaged 2.98million over the course of last year, 263,000 fewer than in 2010 and the lowest overall since 1991.
Germany’s average jobless rate was 7.1 percent, down from 7.7 percent in 2010, showing its jobs market in very good shape overall after two years of strong economic growth.
A worker at Mercedes Benz’s Berlin plant assembles an engine. Unemployment in the country has fallen to a two-decade low despite the eurozone crisis
The strength contrasts with high unemployment in economically weaker countries in Europe that have been hit hard by the eurozone debt crisis.
In the the continent’s worst case, Spain, the jobless rate is above 20 per cent.
Labour agency chief Frank-Juergen Weise told Reuters that ‘demand for labor was very high over the whole year.’
The unadjusted jobless rate was up to 6.6 per cent last month from 6.4 per cent in November, the Federal Labor Agency said.
The number of people registered as unemployed rose 67,000 to 2.78million. But compared with December 2010, that was a decrease of 231,000.
It is common for jobless figures to rise as winter weather weighs on industries such as construction, though the agency said the increase was smaller than usual.
After a strong export-driven performance over the last two years, Germany is expected to see much weaker economic growth in 2012 because of the eurozone debt crisis and economic troubles elsewhere.
Final assembly of trucks at the Man production site in Munich. Germany’s economy has benefited from strong export-led growth in the past two years
Tuesday’s figures showed a still-positive underlying trend on the German job market, with the seasonally adjusted jobless rate dipping to 6.8 per cent in December from 6.9 per cent a month earlier.
In adjusted terms, 22,000 fewer people were unemployed, following a similar decline in November.
Andreas Rees, an economist at UniCredit in Munich, said that the 6.8 per cent figure was the lowest since German reunification in 1990, and noted that it was the 29th monthly decline in 32 months in seasonally adjusted unemployment. He added that the German labor market still has ‘substantial’ momentum.
He said ‘companies are still sitting on a huge pile of backlog orders, thereby keeping the labor market going’ despite signs of new orders decreasing.
‘We expect job creation in the next few months to continue, which is good news for consumer expenditures in 2012,’ he told Reuters.
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