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Unemployment, especially in the eastern districts, remained stubbornly high despite heavy stimulus spending. It rose from 9.2% in 1998 to 11.1% in 2009. The worldwide Great Recession of 2008-2010 worsened conditions briefly, as there was a sharp decline in GDP. However unemployment did not rise, and recovery was faster than almost anywhere else.
Unemployment, especially in the eastern districts, remained stubbornly high despite heavy stimulus spending. It rose from 9.2% in 1998 to 11.1% in 2009. The worldwide Great Recession of 2008-2010 worsened conditions briefly, as there was a sharp decline in GDP. However unemployment did not rise, and recovery was faster than almost anywhere else.
This is a list of European regions (NUTS2 regions) sorted by their unemployment rate (European definition). Eurostat calculates the unemployment rate based on the information provided by national statistics institutes affiliated to eurostat. The list presents statistics for the years 2006 to 2018 from EUROSTAT, as of March 2019.
By October 2009, the unemployment rate had risen to 10.1%. [20] A broader measure of unemployment (taking into account marginally attached workers, those employed part-time for economic reasons, and some (but not all) discouraged workers) was 16.3%. [21] In July 2009, fewer jobs were lost than expected, dipping the unemployment rate from 9.5% ...
Germany's industrial output was down 2.4 percent in May, the fastest rate for a decade. ... In the 3 months to May 2009, the unemployment rate showed a record ...
[79] [80] In January 2009 the German government under Angela Merkel approved a €50 billion ($70 billion) economic stimulus plan to protect several sectors from a downturn and a subsequent rise in unemployment rates. [81] Germany exited the recession in the second and third quarters of 2009, mostly due to rebounding manufacturing orders and ...
The unemployment rate peaked at 10.0% in October 2009 and did not return to its pre-recession level of 4.7% until May 2016. [96] A key dynamic slowing the recovery was that both individuals and businesses paid down debts for several years, as opposed to borrowing and spending or investing as had historically been the case.
The immediate aftermath of the Agenda 2010 reforms was that unemployment rose to over 5.2 million people in February 2005 [4] and Schröder called German companies "lazy" for failing to hire more workers. [5] Beginning in 2005, however, unemployment figures began falling and, in May 2007, unemployment was at 3.8 million people, a 5½ year low. [6]