FRANKFURT (MarketWatch)
The seasonally-adjusted number of unemployed German
workers rose by 19,000 in April, the federal labor office reported Wednesday
The unemployment rate was unchanged at 6.8% after the March rate was revised up
from an initial reading of 6.7%
Economists surveyed by Dow Jones Newswires had
forecast unemployment to fall by 10,000 last month
"The resilience of the
German labor market is cracking open
The economic tailwind from the last two
years is clearly fading away
Right now, this is not yet a cause for concern but
rather a reminder that the labor market is a lagging, not a leading, indicator,"
said Carsten Brzeski, economist at ING Bank
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José Ruiz Varela, with academic training in Fundamental Mathematics and professional experience in Large Multinationals in the Information Technology sector, having held positions in high-level management positions, maintains that it is time to reduce Unproductive Public Expenditure and help the Private Sector in everything that is possible.
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