To: nicewatch who wrote (23191 ) 3/1/2005 6:17:16 PM From: Bucky Katt Read Replies (1) | Respond to of 48463 Trouble brewing?> Strong euro/weak dollar to blame? German jobless rate at new record More than 5.2 million Germans were out of work in February, new figures show. The figure of 5.216 million people, or 12.6% of the working-age population, is the highest jobless rate in Europe's biggest economy since the 1930s. The news comes as the head of Germany's panel of government economic advisers predicted growth would again stagnate. Speaking on German TV, Bert Ruerup said the panel's earlier forecast of 1.4% was too optimistic and warned growth would be just 1% in 2005. "Do something!" The growth warning triggered anger even from government supporters, who said the Social Democrat-Green administration of Chancellor Gerhard Schroeder had to do more. "We are not going to create more jobs with growth of 1%," Harald Schartau, head of the Social Democrats in the northern state of North Rhine-Westphalia, told ZDF television. "We say to our friends in Berlin, you have to persevere and create more impulse for growth." Many German newspapers had the figures a day ahead, splashing them with angry headlines on Tuesday morning. The mass-market Bild tabloid used red type to splash the phrase, "Do something!" across its front page. Anger The German government insists its efforts to tackle the stubbornly-high levels of joblessness with a range of labour market reforms are only just getting under way. The core is the "Hartz-IV" programme introduced in January to shake up welfare benefits and push people back into work - even if some of the jobs are heavily subsidised.(The Soviets used to do that. The workers pretended to work & the Govt pretended to pay them.....)