Germany’s jobless rate rose slightly in December, a sign that a creaking economy and high European Central Bank interest rates are slowly hitting the labor market. German adjusted unemployment rose to 5.9% in December, from 5.8% in November and October, data from the Federal Employment Agency showed Wednesday.
Economists polled by The Wall Street Journal expected the rate to stay the same as in November, at 5.8%. The rise in the number of unemployed people decelerated in December, however, climbing 5,000 on a seasonally adjusted basis, less than the 21,000 increase in November, the data showed. Economists expected a 20,000 increase in jobless claimants. Write to Ed Frankl at [email protected]
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Economists polled by The Wall Street Journal expected the rate to stay the same as in November, at 5.8%. The rise in the number of unemployed people decelerated in December, however, climbing 5,000 on a seasonally adjusted basis, less than the 21,000 increase in November, the data showed. Economists expected a 20,000 increase in jobless claimants. Write to Ed Frankl at [email protected]
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