Germany saw record high employment in October as the number of persons in employment whose place of residence was in Germany amounted to 40.84 million in the month, German Federal Statistical Office said on Thursday.
Compared with October 2007, the employed persons increased by 538,000, or 1.3 percent, said the Wiesbaden-based office, noting that this is "the highest number of persons in employment ever."
Compared with September 2008, an additional 219,000 persons who had their place of residence in Germany were in employment in October.
The seasonally adjusted unemployment rate amounted to 7.1 percent in Germany, notably lower than in the same month one year earlier which hit 8.1 percent.
However, against the background of economic recession, the office warned that the figure was not reflection of the economy, saying that "experience shows that it often takes several months for trend changes in the overall economic development to show on the labor market."
Source:Xinhua
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