Wed, 30 Oct 2013 15:39:17 GMT
German unemployment at highest level since 2011
The unemployment level in the largest economy of the Eurozone, Germany, climbed in October to its highest level since the middle of 2011, reaching 2.973 million people, 2,000 more than a month earlier. At the same time, the joblessness rate remained stable at 6.9%, the historically lowest level since 1990. Meanwhile, recently a few German companies announced significant job cuts.