Germany unemployment rate could rise further

Updated: 12:49, Monday, 15 February 2010

The already high unemployment rate in Germany, Europe's biggest economy, will rise further this year, a report said today.

1 of 1Germany - 3.617 million currently unemployed
Germany - 3.617 million currently unemployed

The already high unemployment rate in Germany will rise further this year after the country suffered its worst post-war recession in 2009, a report said today.

Europe's biggest economy faces 'several difficult months when we could see the jobless getting close to some four million,' Labour Minister Ursula von der Leyen told the Bild am Sonntag newspaper.

In January, the unadjusted unemployment rate jumped to 8.6%, with a total of 3.617m unemployed, from 7.8% in December, according to official figures.

Germany's export-driven economy shrank 5% last year in the fallout from the global slump but the government expects it to grow 1.4% this year.

Analysts have said they expect the jobless problem to get worse given the tepid rebound anticipated for 2010.

Live Player

  • Next
  • 23:20 - 23:40

    RTÉ News and Weather

  • 13:20 - 13:30

    RTÉ News and Farming Weather