Economics
German Joblessness Falls Again Amid Revival of Economic Activity
- Unemployment declined by 9,000 in August vs est. drop of 2,000
- 37% of companies still making use of furlough scheme, Ifo says
A waiter wearing a protective face mask serves customers at a restaurant terrace in Berlin.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
German unemployment eased for a second month as the economy slowly recovered from the coronavirus pandemic.
A drop of 9,000 in August left the total number of jobless people at 2.92 million, the Federal Labor Agency said Tuesday. At the same time, millions of workers remain furloughed, with around 37% of companies still making use of government wage subsidies, according to the Ifo Institute.