While the European countries are battling a tough time, it has been told that unemployment rate in Germany has gone down in November as compared to what was being predicted by experts. This means that employment sector can certainly take a breather as of now.

The jobless rate was told to be 5.8% in September while that in the US was 9.1%, 9.9% in France, and 8.3% in Italy. It has been told by the Nuremberg-based Federal Labor Agency that the number of jobless people dropped to 2.91 million. “The financial and political turbulence of the debt crisis hasn’t worked its way to the real economy. Exports are functioning. Let’s hope it stays that way”, said Heinrich Alt, the labor agency’s Deputy Head.

While the job market seems to be heading towards some good time, the euro dropped by 0.2% to $1.3300 as of 10:29 a. m. in Berlin. It has also been confirmed by Sports-car maker Porsche AG that there would be addition of as many as 1,000 jobs in a year till 2018, while Airbus SAS is mulling the option to rope in 4,000 workers next year for its German production sites.

Even figures of the labor agency’s BA-X index also suggest that there are rising chances of job opportunities in the time to come. There are market analysts who are of the opinion that if the long running economic crisis is somehow resolved in the time to come, it could be seen that labor market would stabilize.

If reports from the BGA exporters and wholesalers group are to be referred to, it’s being believed that German exports could cross the mark of 1 trillion euro ($1.3 trillion) this year which has been supported by rising demand from other developing states.

Lot depends on when the debt crisis would be resolved if the current economic situation of Germany is to be changed for good