German jobless rate to fall

Published December 24, 2002

BERLIN, Dec 23: Unemployment in Germany is set to fall below the politically sensitive level of four million people next year, Economy and Labour Minister Wolfgang Clement said on Sunday.

Of course it is my ambition to contribute to an improvement in the labour market, Clement told a political talk show on public television ARD.

I assume we will make it and get below four million.

The German government has officially forecast an average unemployment figure of 4.1 million people in 2003.

With economic growth sluggish and the number of corporate bankruptcies set to continue rising, November data revealed an unexpectedly sharp rise in unemployment to above the four million mark.

Jobless figures published by the Federal Labour Office in Nuremberg showed 4.026 million people on the dole with the jobless rate at 9.7 per cent in November, up from 9.4 per cent in October.—AFP

Opinion

Editorial

Centre vs provinces
10 Jun, 2026

Centre vs provinces

DELAYS in budget announcements are normal. After all, it is not easy to satisfy different lobbies competing for a...
Party in crisis
10 Jun, 2026

Party in crisis

THE young KP chief minister must be starting to realise just how thorny a seat he occupies. There has been a flurry...
Varsity woes
10 Jun, 2026

Varsity woes

FINANCIAL crises affecting public sector universities across Pakistan are now having an impact on academic...
Doctor attacked
09 Jun, 2026

Doctor attacked

AN act of reprehensible violence has shaken the medical community. On Saturday, an employee of the Provincial Civil...
AJK flare-up
Updated 09 Jun, 2026

AJK flare-up

The situation started deteriorating after a trader affiliated with the JAAC was reportedly shot in an altercation with law-enforcers.
Fault lines
09 Jun, 2026

Fault lines

THE April 8 ceasefire that halted hostilities between Israel and Iran has encountered its most serious test yet....