German unemployment grew for the ninth consecutive month in December, increasing by 3K to...
Thursday, January 3, 4:43 AM ETGerman unemployment grew for the ninth consecutive month in December, increasing by 3K to 2.942M, although the rise was less than the 10,000 that was expected. The jobless rate was unchanged at 6.9%. "The German economy is strong and it is only a question of time until businesses start expanding again," says Commerzbank's Ulrike Rondorf. Still, "German companies are reluctant to hire," due to the uncertainty in the eurozone.
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