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German Unemployment at Record Low

Nation hiring as rest of eurozone firing
By Rob Quinn,  Newser Staff
Posted Jan 4, 2012 12:36 AM CST
Updated Jan 4, 2012 12:56 AM CST

(Newser) – While much of the rest of the eurozone struggles with soaring unemployment, Germany's unemployment rate has fallen to its lowest level since it reunified more than 20 years ago. The rate fell to 6.8% in December, helped by strong exports to China and unseasonably warm weather, which allowed construction companies to keep working, the BBC reports.

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With nearly half a million job openings, Germany is the envy of its neighbors. But many wonder how long the country can remain unaffected by recessions elsewhere, the New York Times notes. "German unemployment mastered the dual impact of the debt crisis and weakening economic growth in 2011, but these risks remain, accompanying us as we enter the new year," warned the chief of the government's labor agency. (Read more European Union stories.)

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