Wednesday, March 02, 2005

Do Something!

German jobless rate at new record

The figure of 5.216 million people, or 12.6% of the working-age population, is the highest jobless rate in Europe's biggest economy since the 1930s.

Germany has highest unemployment rate since the 1930's.

The news comes as the head of Germany's panel of government economic advisers predicted growth would again stagnate.

They're saying growth will be about 1%.

The growth warning triggered anger even from government supporters, who said the Social Democrat-Green administration of Chancellor Gerhard Schroeder had to do more.

The mass-market Bild tabloid used red type to splash the phrase, "Do something!" across its front page.

Euro falls as German unemployment worsens

More news they don't want to hear.

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