Thursday, March 15, 2012

German job market misses out on spring recovery

Germany's labor market missed out on a traditional spring recovery in April as government figures showed Thursday that unadjusted employment levels got little help from the usual seasonal pickup.

Meanwhile, the seasonally adjusted unemployment figures were up for the sixth straight month.

The unadjusted jobless rate was unchanged at 8.6 percent in April, with 3.585 million people out of work _ only 1,000 fewer than in March _ the Federal Labor Agency said. Compared with last April, 171,000 more people were jobless.

"The recession in German industry is increasingly having effects on the labor market," labor agency chief Frank-Juergen …

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