German Unemployment Falls For Second Month [2 decade low, while we flounder]

rtt news ^ | 7/31/13

[SoFloFreeper]

The number of unemployed in Germany declined for a second consecutive month in July, reaffirming the robust labor market situation in the country, the latest figures released by the Federal Labor Agency revealed Wednesday...

The seasonally adjusted unemployment rate remained unchanged at a two-decade low of 6.8 percent in July. This matched economists' forecast. The unadjusted rate rose to 6.8 percent from 6.6 percent.

In a separate report on Wednesday, the Federal Statistical Officesaid thatGermany's adjusted ILO jobless rate remained unchanged at 5.4 percent in June.

[SoFloFreeper]

Earlier this week, I saw a quote from the occupant of the Oval Office...apparently saying HIS plan was bringing prosperity to the USA, while the European nations' plan was failing.....

Germany is the leading nation of continental Europe, and since Merkel is sitting on a 20 YEAR LOW for unemployment, one can only conclude Germany is going in the correct direction while we flounder.

[kearnyirish2]

“Germany is the leading nation of continental Europe, and since Merkel is sitting on a 20 YEAR LOW for unemployment, one can only conclude Germany is going in the correct direction while we flounder.”

Even more incredible is the fact that Germany is drawing workers from all over the EU; the Spanish government is encouraging any of its people that can work in Germany to do so. Then again, Germany still has a culture, norms, etc.

[wiggen]

As much as i despise Obama one can’t look at Germany alone. In the context of the EU its a totally different story. The EURO has been set up for Germany to be the economic engine while the southern nations suffer through deficits and unemployment.

[Buckeye McFrog]

Even Germany has a high degree of Socialism in their economy (heavy unionization, and workers are given seat on the board in all large companies).

This article may be just more propaganda pushing us to do same.