German Jobless Numbers Worsen

World | May 7, 2003, Wednesday // 00:00

German unemployment has risen for a 13th consecutive month, indicating further stagnation for Europe's largest economy. Seasonally adjusted figures showed a rise in April of 44,000 to 4.46 million people, just above analyst forecasts. The unadjusted figures showed a fall of 112,700 to 4.495 million, giving a rate of 10.8% unemployment. This was down from an unadjusted 11.1% in March. Unemployment usually falls in spring and summer as farms, construction, leisure and tourist companies hire seasonal workers.

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