German Unemployment growth beats the expectations

Note: This section contains information in English only.
Source: Bloomberg
The German jobless claims increased approximately four times beating the economists' expectations in May as the Eurozone debt crisis and the cold climate have made an impact on the Germany's economy. The Europe's largest economy's unemployment level has risen for fourth month in a row; it was estimated to grow by 5,000, but it climbed by 21,000 reaching 2.96 million, while the adjusted jobless rate remained at 6.9%.
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