May 29, 2013

German Unemployment Increased Four Times Forecast in May

German unemployment rose more than four times as much as economists estimated in May as the euro area’s sovereign debt crisis and a long winter took their toll on Europe’s largest economy.

The number of people out of work climbed a seasonally adjusted 21,000 to 2.96 million, the Nuremberg-based Federal Labor Agency said today. Read more.

Bloomberg

Related,
German unemployment falls below three-million mark again - DW
- Germany’s jobless rises by 21,000 in May - PressTV

Germany fears revolution if Europe scraps welfare model - Reuters

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