German unemployment surges against forecasts

Note: This section contains information in English only.
Source: Bloomberg
Number of unemployed people in the largest economy of Eurozone added 25,000 in September, while analysts expected the unemployment to fall by 5,000. Moreover, the jobless rate advanced to 6.9% from 6.8% in August. Economists point out that the economy of Germany is growing, however, some big domestic companies like Siemens AG have recently announced big job cuts.

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