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Friday, August 7, 2009

Germany: 6 Million Unemployed-Britain 2.4 Million Unemployed


In Germany, the real rate of unemployment has risen to nearly 6 million. This figure is approximately 2.5 million more than the official figure.

Unemployment is one of the main indicators of the extent and consequences of the economic crisis for the working population. Official job statistics in Germany have been doctored for years precisely to disguise the real extent of unemployment and corresponding levels of poverty.

“The German economy is in the severest recession since the founding of the Federal Republic,” declared the Federal Labour Agency (BA). The economic crisis has left “clear traces on the job market.” The fact that the increase in the unemployment rate slowed in July, when seasonal factors were taken into account, “cannot be evaluated as a trend reversal.”
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Britain: Unemployment continues rise to 2.4 million
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