why is germany's unemployment rate so low

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why is germany's unemployment rate so lowgrocery gateway promo code july 2020

But they were good enough to earn him a coveted apprenticeship slot with Lufthansa Technik, the technical arm of Europe's largest airline, responsible for aircraft maintenance and repair across the globe.One-third of the way through his three-and-a-half years of training at Lufthansa technical headquarters in Hamburg, Dittmar is honing the skills required to become an aircraft mechanic — and all-but-guaranteeing himself a job.The protracted European debt crisis and austerity measures have made career prospects for many of the continent's youth bleaker than ever. Nascent pressures elsewhere in the bloc mean that the ECB is “therefore on track toward our definition of price stability.”That reasoning was bolstered earlier on Wednesday as data showed Spanish jobless claims slid by 61,500 last month, the biggest decline since June and snapping a run of four months of increases.

That was the lowest level since German reunification in 1990.Differences remain between the formerly divided country: it was just 5.5% in what was West Germany, but 8.4% in the once-Communist east.The fall reflected the strength of the labour market in Europe's largest economy.The eurozone jobless rate was down from 11% in April last year and the lowest figure for the 19 countries using the euro since August 2011, Across the 28 countries in the European Union, unemployment fell to 8.7% in April, down from 8.8% in March and 9.6% in the same month last year.That was the lowest rate for the EU since April 2009.However, seven countries still have double-digit unemployment, with Italy at 11.7%, Spain at 20.1% and Greece at 24.4%. Germany's unemployment rate fell to a record low in May, while the jobless rate across the eurozone fell to 10.2% in April.

Toys had to have wings.

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Germany has Europe's lowest youth unemployment rate, thanks in part to its ancient apprentice system, which trains about 1.5 million people each year.

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It would be better for these people to be unemployment rather than not in the labor force. Unemployment was 5.5% in December, November was revised lower World’s Highest Real Rate Is Right Where Egypt Wants It for... "Germany's dual system trains 1.5 million people annually.

Italy Breaks Lull With Sale of Debt That Yields Twice Its Pe... "I've got the number 747 as the number plate of my car. Whatever date you pick, this comparison is fraught because it ignores important demographic changes. Higher labor force participation is one factor that could undermine this, but still that would mean the labor market is not yet at full employment.I’m an economist at Moody's Analytics, where I cover labor markets and other aspects of the U.S. economy. N.J. Wins Ruling to Issue Up to $9.9 Billion Debt for Crisis

"Employment has grown strongly and … World’s Highest Real Rate Is Right Where Egypt Wants It for... They can't understand this. Robin Dittmar, 18, works at the Lufthansa Technik training center in Hamburg. However, by the middle of the 1990s unemployment everywhere in Germany had risen to levels not seen for decades. Jokowi Dilemma, Fed Highlights Virus: Eco... From our Obsession. Updates with German pay talks, Spanish jobless claims from fifth paragraph.

They are integrating them in their work and they are making real training on the job," says Hans-Peter Meinhold, Lufthansa's head of vocational training.For an aviation buff like Dittmar, getting to work on real machines so soon is not only a sign that his employers see potential in him, but also fuels his passion for planes. Jokowi Faces Budget Funding Dilemma as He Battles Surge in V...

The views expressed herein are solely those of the author and do…I’m an economist at Moody's Analytics, where I cover labor markets and other aspects of the U.S. economy.

Fixing capitalism. The average number of job seekers in Germany was lower in 2018 than at any time since reunification in … India Credit Crunch Eases as Shadow Bank Bond Sales Rebound

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