Economics
German Unemployment Climbs on Early Winter Onslaught
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German unemployment unexpectedly rose in December for the first time since June 2009 as the coldest weather in more than 40 years led companies to shed staff.
The number of people out of work rose a seasonally adjusted 3,000 to 3.15 million, the Nuremberg-based Federal Labor Agency said today. Economists forecast a decrease of 15,000, according to the median of 21 estimates in a Bloomberg News survey. The adjusted jobless rate was unchanged at 7.5 percent.