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Latest Business News

Number of Jobless Germans Up in December

Wednesday, January 03, 2007 8:59:41 AM
By MELISSA EDDY

BERLIN (AP) - The number of jobless Germans edged over 4 million in December, government data showed Wednesday, but the figures showed a sharp drop when adjusted for seasonal factors.

The unemployment rate was steady at 9.6 percent compared with November, and the government pointed out as "pleasing" the lower seasonally adjusted jobless count compared with a year earlier.

Europe's largest economy is showing better job creation as it emerges from several years of sluggish growth, helped by a sustained boom in exports and more recently by increased business investment at home. The latest figures reflected a mix of improved economic activity and year-end tax changes.


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