German unemployment rate sinks to 6.6 percent

Germany's jobless rate unexpectedly fell to 6.6 percent in September from 7.0 percent the month before as the country's export-oriented economy continues to demand workers despite slowing growth.

Source

Our Toronto Morning Show Before breakfast talked with BNN Host, this Morning the BNN nervously in a laughing maner with the CP24 Morning Show Host talked how German for two years had the lowest unemployment rate and i hardly dismiss that unemployment rate, just like how i dismiss the unemployment rate figure for america and canada because they are missleading us with these unemployment rates figures, unexpectedly fell to 6.6?

Somehow i am finding to hard to believe just look here

There was particularly strong demand in retail, construction-related trades, hospitality and health care, as well as for temporary workers, the labor agency said.

that means there was a demand in job areas of retail, construction-related trades, hospitality and health care.

I dont understand why our local TV News show Before breakfast became such cheer leaders of this supposed fake Global Recovery.


What are your thoughts ATS on this?

This is Germany. The #1 engineering nation in the world. Ahead of Japan even. China only beat them in exporting through sheer volume.

And I find it pathetically laughable when Amerika keeps whining that China takes away their manufacturing when Germany, Japan and Korea simply solders on churning out innovative stuff that the world wants.

As a german engineer:

We build. You buy. Then we lend that money back to you.

I'm not completely sure if this is the best way to cure the European monetary meltdown. Yes, we have opportunities for nicer jobs and a good salary, but we germans don't spend as much as in previous years. Everyone waits for the other shoe to drop, which means that Germany would be hit hard by the failing of our larger banks. Deutsche Bank has large investments in Greece, Italy, and of course all over the world, too. I think, in the best case we might have won one or two years before we follow the rest of the world.

I'm also not sure if it would help if we would follow the "advice" of other countries to dim our exports to lower levels compared to other countries in Europe.

But I'm completely sure that whatever Obama says - we Europeans are not the sole culprits to the global monetary crisis!

A weak Euro is actually good for the German states. As for the do nothing freeloaders like the PIIGSU? Not so much.

I posted it before and I'll post it again:

One of the Germany's central principles is the Social State Principle.
Germany is a social market economy, including a universal health care system, universal educational system and partnership of trade unions and employer associations that ensure proper labor laws.
Good working conditions, good wages and a solid educational system provide high quality work / production and thus a high demand for quality exports.
All of this guarantees a pretty high QoL in the process, pushing our GNP even more since there is more money in circulation to spend.

I know many US right-wingers consider all these things as a "slippery slope" to communism and thus "it can not possibly work"... but it does, right here, right now.

reply to post by ColCurious


It does not. Despite a 50% tax rate, Germany still needs to borrow heavily to fund its freeloading, err, entitlement programs. And they are the 3rd most indebted nation in the world. While they don't have anything to really worry about Japan outside of the electronics field, the Koreans loom on the horizon and are threatening German supremacy in the luxury car market.

Could Germany's export performance be improving because other European countries export performance be declining?

reply to post by surrealist


You mean other European countries also export goods? I thought they're only good at poo-flinging?

Don´t forget demographics. Germany is rapidly aging, and it has one of the lowest birthrates on the planet. It is desperately trying to find qualified workers to fill the shoes of their rapidly retiring workforce.

Originally posted by eldard
This is Germany. The #1 engineering nation in the world. Ahead of Japan even. China only beat them in exporting through sheer volume.

And I find it pathetically laughable when Amerika keeps whining that China takes away their manufacturing when Germany, Japan and Korea simply solders on churning out innovative stuff that the world wants.

China has taken nothing away from us. Our politicians are the ones who have sold the populace up the creek and they are the reason why America could not compete with other nations, hence American companies packing up and going overseas.

Good luck to the Germans. You guys are fixing to be screwed in the pipe over this whole Eurozone nonsense.

It will be a glorious day on this planet when the people of every country round up and execute all of these banker stooges. The purge of earth.

reply to post by illuminatislave


You could not compete with other nations because they are better than you. Simple as that.

And the bankers will simply be replaced by another group. Animal Farm, much?

reply to post by eldard

In fact Germany's Debt-to-GDP ratio is imroving and if it wasnt for the rescue fund (~€22 billion) for the other euro-zone members, that ratio would be even better.
True, Germany has to borrow money, but projections for the debt ratio in the following years are decreasing, from €25 billion new dept in 2013 to €15 billion in 2015.

I'm not talking about public debt. I'm talking about external debt aka all debt to other countries. Germany has the third highest in the world after the US and UK.

And America would never be able to become uber-socialist like Germany because they can't afford to. Only idiots from Amerika and China buy Amerikan cars.

reply to post by ManFromEurope


Finaly some common sense from a german

Originally posted by ColCurious
I posted it before and I'll post it again:

One of the Germany's central principles is the Social State Principle.
Germany is a social market economy, including a universal health care system, universal educational system and partnership of trade unions and employer associations that ensure proper labor laws.
Good working conditions, good wages and a solid educational system provide high quality work / production and thus a high demand for quality exports.
All of this guarantees a pretty high QoL in the process, pushing our GNP even more since there is more money in circulation to spend.

I know many US right-wingers consider all these things as a "slippery slope" to communism and thus "it can not possibly work"... but it does, right here, right now.

edit on 29-9-2011 by ColCurious because: grammar

I will never get this thing with communism. Okay, we have a strong government and weak federal states. But I fail to see the disadvantage of this. We are compared by sheer size a small country to the USA. Maybe therefore its easier to have a central government regulating in a vastly finer detail than in the USA: They are closer to the regulated states.
And communism itself is different - we had that for 40 years in parts of Germany, we really do know the difference.. Maybe McCarthy did a bad thing to the USA when he embossed the picture of the detested communist into the American brain. Communism, socialism, social state principle - those are completely different things.

reply to post by ManFromEurope

Yeah I dont get it either.
Im not sure if its just lack of education or really some brainwashing propaganda.
I have friends in the US who are very well educated and travel alot and those guys are nothing like the right-wing trolls on this forums.

Funny thing is, I dont consider myself to be a "leftist" by German standards, I just know what makes sense and I see what works.

I guess we are lucky to live in good old Germany

reply to post by eldard

Originally posted by eldard
I'm not talking about public debt. I'm talking about external debt aka all debt to other countries. Germany has the third highest in the world after the US and UK.

True, nevertheless our external debt is not solely caused by our "entitlement programs".
Our economic growth however is greatly influenced by the benefits for our citizens.

Originally posted by eldard
And America would never be able to become uber-socialist like Germany because they can't afford to

Thats probably true... but it isnt unchangeable. Just cut back on 2 or 3 wars

Originally posted by ColCurious
Thats probably true... but it isnt unchangeable. Just cut back on 2 or 3 wars

edit on 30-9-2011 by ColCurious because: (no reason given)

Still no. Socialist fecal holes are pathetically dependent on selling to other countries. Who's Amerika's gonna sell to? And more importantly, who would be stupid enough to buy overpriced and under-engineered pieces of dung?

reply to post by ColCurious


The Social Market Economic system is actually a Christian Democratic idea derived from the Ordoliberalism from the Freiburg School. It was implemented in Germany under Konrad Adenauer’s chancellorship to help unite Germans rather than take a Socialist path, Protectionist path, or a Laissez-faire path. This concept is very close to corporatism overall, just more of a ‘social corporatist’ idea because the state, corporations, and unions work together.

It is perhaps the best model currently in use but still has many flaws. I would love to see it accept distributist principles into the framework as well.

reply to post by Misoir

Yes, this is true (though Wilhelm Röpke was more of a Liberal than a Christian Democrat) and I agree with your point about the distributive aspekt .
In the end of the day, we the people (and our individual needs and freedoms) must be the the ultimate sovereign of our countries properties (as in means of production) period.

No centralized interest (neither the states, nor the "big businesses"/the markets) should be able to override our interests and human freedoms.
I personally (as a "centre liberal") still think that a close collaboration of delegates from all those interests is the best way to make it work.

reply to post by eldard

Well, you need a balanced budget to afford a decent QoL for the general public, thats for sure... in return a healthy society helps to achieve that balanced budget.
And whats the purpose of the societys efforts if not societys gain?

True, exports and imports are a important part of the GDP... in the case of US-exports I would recommend to improve on the quality of their exports and cut back on military spending to achieve a more balanced budget
To cut back on society's gain instead would be the wrong approach in my opinion.

Originally posted by eldard
"Socialist fecal holes"

I dont know what this means and I couldnt find a translation

reply to post by ColCurious


Considering Amerika can't engineer $hit, still no. And if Germany can't sell cars to other countries, they'd return to ransacking Rome.