MIL OSI Translation. Region: Germany / Germany –
Source: Federal Ministry for labour and social Federal labour Minister Hubertus Heil:
The German labour market remains strong and defies in July of the weaker economy. As for the summer months is usual, is the unemployment and under-employment increased slightly, but compared to the same month last year, after all, from 49,000 people were reported to less unemployed. Nevertheless, the cooling economy leads to the strong decline in unemployment is slowing down now. The decline in the growth of economic causes have numbers in front of all the world. The foreign demand has declined sharply. Added to this are considerable commercial risks. The economy should exercise in the future, a much stronger entry, we have the corresponding labour market policy instruments to respond appropriately. The necessary reserves with the Federal Agency for work, which will help in the event of a crisis on short-time working schemes to secure employment. The Federal government will continue on its path to strengthen the forces of Growth, particularly through investments in education, research and infrastructure consistently. A discharge from lower-and middle-income by the abolition of the solidarity surcharge, adequate wage settlements and increased family benefits, domestic demand will also strengthen.
EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure need be perfect.