Blog
Unemployment in Germany and Spain
14th February 2011
For many years Germany was criticised for persistently high unemployment rates and an inflexible labour market. But having weathered the worst of the steep contraction in global manufacturing output and trade in 2009 the German economy is being propelled forward by a strong surge in export sales. Unemployment is falling and for the first time in recent memory, the official jobless rate in East Germany is now lower than the state of California!
For Spain however the labour market data looks terrible. One worker in five is out of work and over 4.7 million are searching for a job. This BBC news video report looks at how many Spanish people are considering leaving the country to find work in other parts of the EU single market.
Poverty in Germany
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.