Comment Things will most likely only get worse for now... (Score 1) 2064
From the New York Times :
In November, the last month with government figures available, unemployment in the former East Germany averaged 17.4 percent, more than double the 8.1 percent rate in the former West Germany. In the town of Forst, however, unemployment rose to 22.5 percent, up from 20.9 percent a year earlier.
So our unemployment the last time I checked was around 5% or so. In the former East Germany almost 1 out of every 4 people is unemployed.
I think things are going to get a lot worse for us before they get better. The only problem I have with this is that unlike Europe, we do not have the extensive social programs that they do and as a result we are going to bleed alot more than they do.
In November, the last month with government figures available, unemployment in the former East Germany averaged 17.4 percent, more than double the 8.1 percent rate in the former West Germany. In the town of Forst, however, unemployment rose to 22.5 percent, up from 20.9 percent a year earlier.
So our unemployment the last time I checked was around 5% or so. In the former East Germany almost 1 out of every 4 people is unemployed.
I think things are going to get a lot worse for us before they get better. The only problem I have with this is that unlike Europe, we do not have the extensive social programs that they do and as a result we are going to bleed alot more than they do.
