1 Unemployment in Germany Frederike Wittmann Quarter

2 A relatively low youth unemployment rate represents hope for the German labor market. A relatively low youth unemployment rate represents hope for the German labor market. The reason is because of Germany's dual system of vocational training. The reason is because of Germany's dual system of vocational training. Vocational training is preparing students for trade or craft jobs with specific tasks. (i.e. Blacksmith) Vocational training is preparing students for trade or craft jobs with specific tasks. (i.e. Blacksmith) In the meantime, however, vocational training is losing importance. In the meantime, however, vocational training is losing importance. Nevertheless, Germany´s youth unemployment rate is still significantly lower than in France or Italy. Nevertheless, Germany´s youth unemployment rate is still significantly lower than in France or Italy.

3 This graph shows the unemployment rates of several nations, including Germany, for young adults aged This graph shows the unemployment rates of several nations, including Germany, for young adults aged

4 Unemployment Rates Unemployment rates are down to 7.2% Unemployment rates are down to 7.2% There are 82,000 newly employed people in Germany. There are 82,000 newly employed people in Germany. Germany is the “euro-zones” strongest economy. Germany is the “euro-zones” strongest economy. Germany’s unemployment rates are below the accepted 10.1% meaning they are in a good position. Germany’s unemployment rates are below the accepted 10.1% meaning they are in a good position. “There will always be a need for workers,” said the head of the head of the Federal Labor Agency in Germany “There will always be a need for workers,” said the head of the head of the Federal Labor Agency in Germany

5 An example of newly formed jobs for those who were previously unemployed.

6 Trends for Unemployment The positive trend is not likely to continue according to Gustav Horn. The positive trend is not likely to continue according to Gustav Horn. Gustav Horn is the director of the union of IMK (Institute for Macroeconomic Policy) Gustav Horn is the director of the union of IMK (Institute for Macroeconomic Policy) He expects the unemployment numbers to rise in the first half of the year. He expects the unemployment numbers to rise in the first half of the year. Economists in Germany expect an average of 3.03 million germans to be unemployed by the end of this year. Economists in Germany expect an average of 3.03 million germans to be unemployed by the end of this year. However, the German government is optimistic about the future of Germany’s work force. However, the German government is optimistic about the future of Germany’s work force.

7 This map shows how Germany’s unemployment is spread out over the country by region and district. It is clear that there is still a higher rate of unemployment in the east as compared to the west.

8 Quiz 1) What percent of Germans are unemployed? A) 5% B) 10% C) 7.2% D) 6.8% 2) According to the head of the Federal Labor Agency, there will always be a need for _________? A) funding B) workers C) inventions D) new offices

9 Answers! 1) C; Currentyly, 7.2% of Germans (between the ages of 15 and 24, are unemployed. 2) B; “There will always be a need for workers,” - -Head of the Federal Labor Agency

10 Works Cited eaking/2012/0329/breaking18.html eaking/2012/0329/breaking18.html eaking/2012/0329/breaking18.html eaking/2012/0329/breaking18.html earch-Publications/Daily-News/Germany- Economists-expect-unemployment-rate- to-increase-again-in earch-Publications/Daily-News/Germany- Economists-expect-unemployment-rate- to-increase-again-in earch-Publications/Daily-News/Germany- Economists-expect-unemployment-rate- to-increase-again-in earch-Publications/Daily-News/Germany- Economists-expect-unemployment-rate- to-increase-again-in ,00.html?maca=en-aa-top-861-rdf 2,00.html?maca=en-aa-top-861-rdf 2,00.html?maca=en-aa-top-861-rdf 2,00.html?maca=en-aa-top-861-rdf employment_rate.html employment_rate.html

11