Financial Times FT.com

German unemployment remains stable

By Chris Bryant in Berlin

Published: July 30 2009 22:50 | Last updated: July 30 2009 22:50

German unemployment remained broadly stable in July as government labour market subsidies continued to shield workers from mass redundancies.

The fact that the unemployment rate was unchanged at 8.3 per cent was “a small sensation” given the difficult economic conditions, said Olaf Scholz, labour minister.

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