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Unemployment Ticks Higher for an Eighth Month in Germany

“German unemployment climbed for an eighth straight month in November as Europe’s debt crisis curbed company investment and economic growth.

The number of people without a job increased a seasonally adjusted 5,000 to 2.94 million, the Federal Labor Agency in Nuremberg said today. Economists forecast a gain of 16,000, the median of 37 estimates in a Bloomberg News survey shows. The adjusted jobless rate held at 6.9 percent. Separately, a gauge of economic confidence in the euro area unexpectedly rose.”

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