Germany’s jobs miracle; For first time since 1970s unemployment falls below its level before previous recession
Oct 29th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Germany's jobs miracle was confirmed on Thursday when it was reported that unemployment fell below 3m in October for the first time since 1992. The unemployment rate in Germany stayed almost constant during the Great Recession and for the first time since the 1970s, unemployment fell below its level before the previous recession.