German Austerity of 2009 Paying off in 2010

Angela Merkel

From Bloomberg - German unemployment fell for a 17th month in November as business optimism improved, underscoring the gulf between Europe’s biggest economy and peripheral nations struggling to cut debt. The number of people out of work declined a seasonally adjusted 9,000 to 3.14 million, the lowest since December 1992, the Nuremberg-based Federal Labor Agency said today. Economists forecast a decrease of 20,000, according to the median of 31 estimates in a Bloomberg News survey. The adjusted jobless rate remained at 7.5 percent. Read full story here:

German Austerity of 2009 Paying off in 2010