German jobless rate rises in August

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Source: RTTNews
German unemployment rose in August for the fifth straight month  as companies increased firing rate amid euro area's recession concerns. The number of jobless Germans surged adjusted 9,000 on month to 2.9 million in August. Economists expected a rise of 7,000, after July's increase of 9,000. Meanwhile, the unemployment rate held unchanged at adjusted 6.8% in August.
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Thu, 30 Aug 2012 14:22:12 GMT

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