Economics

German Unemployment Rises as Weaker Economy Starts to Bite

  • Jobless total rises 60,000, partly on reclassification effect
  • Labor agency estimates about 10,000 increase due to economy
Berenberg’s Holger Schmieding and Morgan Stanley’s Hans Redeker discuss the state of the euro-zone economy.Source: Bloomberg
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German unemployment unexpectedly rose for the first time in almost two years as the economic slowdown finally started to take a toll on the labor market.