Unemployment in Germany Rises Less Than Expected as Business Confidence Remains Strong

“German unemployment increased less than economists forecast in December even asEurope’s debt crisis curbed company investment and economic growth.

The number of people out of work rose a seasonally adjusted 3,000 to 2.942 million, the Nuremberg-based Federal Labor Agency said today. Economists predicted an increase of 10,000, the median of 19 estimates in a Bloomberg News survey showed. The adjusted jobless rate held steady at 6.9 percent, close to a two-decade low…”

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