Jobs
German Joblessness Rises More Than Estimated as Recession Looms
- Unemployment increases by 17,000; economists saw 13,500
- Employment is still growing ‘significantly,’ Terzenbach says
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German unemployment increased as Europe’s largest economy braces for a recession driven by surging energy costs.
Joblessness rose by 17,000 in November, more than economists had estimated, data Wednesday showed. That pushed the unemployment rate up to 5.6% from 5.5%.