Tue, 30 Oct 2012 14:48:13 GMT
German unemployment soars in October
The number of jobless individuals surged 20,000 on month in October as firms continued to cut costs via decreasing their labor force, the Federal Labor Agency reported on Tuesday. Economists had forecast a 10,000 rise after 12,000 increases in both September and August. On unadjusted basis, the number fell to 2.75 million from 2.79 million in September.