German unemployment drops to lowest level in 24 yearsJune 2, 2015 - 16:35 AMT PanARMENIAN.Net - German unemployment dropped in May to the lowest level in 24 years, the Federal Labor Office (BA) reported Tuesday, June 2, according to Deutsche Welle. It said the number of jobless people in the country fell to a seasonally adjusted 2.786 million people, reaching levels last recorded in September 1991, a year after German reunification. In raw, unadjusted terms, the jobless total decreased by 81,000 month on month to 2.762 million, the office said. The unemployment rate - measuring the jobless total against the working population as a whole – stood at 6.4 percent in May, unchanged from the previous month and the lowest level since 1990. "Although GDP growth has cooled somewhat of late, developments on the labor market have continued to be positive," BA President Frank-Jürgen Weise said in a statement. Normally, unemployment declines in the spring as the warmer weather allows companies in the building sector and elsewhere to hire more workers. But the current pickup in domestic demand had been magnifying that effect, the labor office said. Related links: Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. |