Germany And The German Labour Market

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Figures show that 21.651 million men and women in the EU-28, 16.634 million in the euro area, remained unemployed as of February of 2016 (ILO, 2016). The numbers show that Germany experienced a continuous decline leading to positive estimation of the unemployment condition. Compared with the prior year, the region experienced a fall of unemployment over 1, 000, 000 and more in the extended area (ILO, 2016). Figure 13: Trends in German Youth Unemployment (OECD, 2016) The OECD cites statistics that support the strengthening of the German, and wider Euro, labour market, yet, progress remains uneven and heavily dependent on factors including education and training (OECD, 2016). With the associated Euro market having a projection of below 6.6 unemployment rate by 2016, the continued development of the German labour market has provided many consistent opportunities for employment among the educated (OECD, 2016). To date, educational policies have been in part responsible for German employment rates that have reached 74%, a previously unknown peak level which in turn continues to be accompanied by a decline in the number of youth unemployed, contributing to a long term condition of opportunity. Unemployment rates in Germany are at 4.7%, the lowest level in 25 years and resting at the lowest levels of the member OECD states (OECD, 2106). This statistic is combined with a youth unemployment that is third-lowest in the OECD membership, leading to a robust period. Drawbacks to
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