workers is again among the highest in Germany and also in Europe-wide criteria, though - as all eastern towns in Germany - Dresden has a traditional shortage of corporate headquarters. Dresden is regularly ranked among the best ten bigger cities in Germany to live in. In May 2012 the unemployment rate reached a new low of 8.9%.
The semiconductor industry was built up in 1969. Major enterprises today are AMD's spin-off GLOBALFOUNDRIES, Infineon Technologies, ZMD and Toppan Photomasks. Their factories attract many suppliers of material and cleanroom technology enterprises to Dresden.
The pharmaceutical sector came up at the end of the 19th century. The S�chsisches Serumwerk Dresden (Saxon Serum Plant, Dresden), owned by GlaxoSmithKline, is a world leader in vaccine production. Another traditional pharmaceuticals producer is Arzneimittelwerke Dresden (Pharmaceutical Works, Dresden).
A third traditional branch is that of mechanical and electrical engineering. Major employers are the Volkswagen Transparent Factory, EADS Elbe Flugzeugwerke (Elbe Aircraft Works), Siemens and Linde-KCA-Dresden. Tourism is another sector of the economy enjoying high revenue and many employees. There are something like hundred bigger hotels in Dresden with many of them in the upscale range.
The media sector is not particularly strong in Dresden. Recently it sometimes benefits from the new interface with informatics so that it can gain transregional meaning beyond the semi-public science and upper culture sectors which often produce their media coverage in-house. The media in Dresden include two major newspapers of regional record: the S�chsische Zeitung (Saxonian Newspaper, circulation around 300,000) and the Dresdner Neueste Nachrichten (Dresden's Latest News, circulation around 50,000). Dresden has a broadcasting centre belonging to the Mitteldeutscher Rundfunk. The Dresdner Druck- und Verlagshaus (Dresden printing plant and publishing house) produces part of
