INTERNATIONAL
From Times Staff and Wire Reports
Eastern Germany’s Joblessness Jumps 17%: Joblessness in the former East Germany soared last month by 300,000 as more people were thrown out of work by the region’s shattered economy. Meanwhile, unemployment in the former West Germany rose to 7% from 6.5%. The sharp rise in east German joblessness was attributed to the expiration of government job subsidies. Experts believe that eastern Germany’s economy has bottomed out but that joblessness will climb for some time as overstaffed businesses continue to cut back.
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