Thursday, March 01, 2007
German jobless rate falls further
German unemployment continues to fall as improving economic prospects enable companies to hire more workers. Government figures showed the jobless rate falling to 10.1% in February, from 10.2% the month before. The upturn in the German economy in the past year, when growth levels hit a six-year high, resulted in a 826,000 fall in jobless numbers.
Strong domestic consumer demand has boosted companies' growth prospects. The improvement in German consumer spending, allied to a robust export market, has persuaded more firms to expand their workforces.
Read the full story at: http://news.bbc.co.uk/1/hi/business/6404079.stm
Consumption is the largest component of aggregate expenditure. Rises in consumption, together with increasing exports, increase demand. The fall in unemployment is the supply side response to the increase in demand as firms take on new workers to meet that demand.
The much acclaimed new interactive learning package LiveEcon can help you understand the economics behind these important policy events. Chapters 4 and 9 (at principles and intermediate level, respectively) describe the various components of aggregate demand and illustrate the determination of national income. Chapter 7 and 15 (at principles and intermediate level, respectively) examine the supply side responses to demand shocks. Find out how to get LiveEcon at http://www.liveecon.com/. Download this blog as a Blogcast via the website.
German unemployment continues to fall as improving economic prospects enable companies to hire more workers. Government figures showed the jobless rate falling to 10.1% in February, from 10.2% the month before. The upturn in the German economy in the past year, when growth levels hit a six-year high, resulted in a 826,000 fall in jobless numbers.
Strong domestic consumer demand has boosted companies' growth prospects. The improvement in German consumer spending, allied to a robust export market, has persuaded more firms to expand their workforces.
Read the full story at: http://news.bbc.co.uk/1/hi/business/6404079.stm
Consumption is the largest component of aggregate expenditure. Rises in consumption, together with increasing exports, increase demand. The fall in unemployment is the supply side response to the increase in demand as firms take on new workers to meet that demand.
The much acclaimed new interactive learning package LiveEcon can help you understand the economics behind these important policy events. Chapters 4 and 9 (at principles and intermediate level, respectively) describe the various components of aggregate demand and illustrate the determination of national income. Chapter 7 and 15 (at principles and intermediate level, respectively) examine the supply side responses to demand shocks. Find out how to get LiveEcon at http://www.liveecon.com/. Download this blog as a Blogcast via the website.
# posted by Sam @ 17:54 
