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 | Police try to impede Armenian Church head’s access to war memorial Police tried to stop the supreme head of the Armenian Apostolic Church, Catholicos Karekin II, from visiting a war memorial. Greece says ready to help as Armenia fights flooding consequences Greece is ready to assist Armenia in combatting the consequences of deadly floods in the country’s north. “He will leave”: Protest leader no longer demands meeting with Pashinyan Archbishop Bagrat Galstanyan no longer demands a meeting with Armenian Prime Minister Nikol Pashinyan. Lemkin Institute petition seeks release of Armenians in Azerbaijan The Lemkin Institute is deeply concerned about the continued illegal detention of political prisoners from Karabakh in Azerbaijan. |