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Macroeconomics  |  January 31, 2013 10:00:00

Unemployment in Germany fell in January


iPoint.cz German unemployment unexpectedly fell in January. It is thus a significant improvement in the labor market. The decline in unemployment followed a revised outcome in December, when there was a reduction in the number of unemployed by 2 000 This is another good news from the German economy.

In January, the number of unemployed after seasonal adjustment 16 000th Now it is all over Germany 2.92 million unemployed people. Economists had expected the contrary, an increase of 8,000 Germans, so today's number is pleasantly shocking. The revised unemployment rate fell to 6.8 percent, the minimum fresh from the reunification of the country.The German Federal Bank (Bundesbank) announced last week that the economy is recovering from a likely fall in GDP in the last quarter by 0.5 percent. Trust between entrepreneurs and investors in January increased beyond expectations and activity in the services sector climbed to 19měsíční maximum. German small and medium-sized companies are planning this year to take in new employees despite the fact that most of them expect stagnating economy.

Eurodollars traditionally consolidates after puncture significant level 1.35. She remains in a strong bull trend and prepares for penetration of new highs. The graph might appear slight correction toward Reviews Support 1.35.

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