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People and Politics | Unemployment Falls - Why Germany's Jobless Rate Has Hit a New Low

People and Politics | Unemployment Falls - Why Germany's Jobless Rate Has Hit a New Low

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People and Politics | Unemployment Falls - Why Germany's Jobless Rate Has Hit a New Low

In spite of the financial crisis, the number of unemployed in Germany is the lowest it's been in 16 years. Currently, some three million people here are without work. Labour market reforms introduced by the then chancellor Gerhard Schröder are credited with lowering the unemployment rate. Many people are being forced to accept low-paying jobs. Well-qualified job seekers, who had been unemployed for long periods, are now finding jobs too. We try to find out the reasons for the turnaround on the job market.

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