That was the headline for the Financial Times article. They still use the German national measure of unemployment rather than the OECD standardized rate (again, they get the BBC out, writing for an international audience), but at least they understand the concept of seasonal adjustments.

Okay, that’s all for today on German unemployment.

–Dean Baker

Dean Baker is senior economist at the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, including Rigged: How Globalization and the Rules of the Modern Economy Were Structured to Make the Rich Richer. Read more about Dean.