German Jobless Rate Spikes in December
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Germany's stubbornly high unemployment rate spiked even higher in December to 10.8 percent, the Federal Labor Office reported Tuesday.
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The German economic outlook has rarely looked sunnier, with sky-high business confidence and growth strong enough to shrug off a sharp rise in sales tax early this year, data showed on Thursday.
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Germany's monthly jobless rate for September reaches its lowest level for more than 14 years.
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FRANKFURT : The number of jobless in Germany rose in October, data showed, complicating the government&#39;s already tough task of trying to draft a budget that will respect European Union guidelines.
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German exports were booming in the first nine months of the year and are heading for record levels despite the strong euro, data released by the federal statistics office showed.
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The number of U.S. workers filing new claims for jobless aid jumped by a much larger-than-expected 69,000 last week to the highest in over two years, government data on Thursday showed, but the numbers were likely skewed by the timing of a public holiday.
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Germany raised its forecast for this year&#39;s budget deficit, saying declining tax income and increased spending on the unemployed will push the shortfall further beyond European Union limits for a third straight year.
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BERLIN - German investor confidence posted a surprise jump in December as relief over falling oil prices helped to offset concerns about the impact of a surging euro on growth in Europe&#39;s biggest economy.
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The U.S. unemployment rate likely hit its highest in more than a year in December, evidence of the rising difficulties Americans face finding a job, according to economists polled by Reuters.
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Unemployment in Germany, the eurozone's biggest economy, is continuing to rise and could even reach five million by the winter, new data showed.
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Unemployment in Germany rises for the tenth straight month as growth remains sluggish despite a revival in domestic demand.
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With almost 5 million people out of work, Germany's labor market might seem a manager's dream when it comes to filling jobs &#151; easy pickings from a sea of desperate applicants. Not so for entrepreneur Martin Hubschneider when he needs top talent for his software firm in Karlsruhe, Germany.
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WASHINGTON -- The nation's unemployment rate climbed to a four-month high of 4.6 percent as somewhat cautious employers added fewer new jobs to their payrolls in January. Wage gains were even more modest.
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The unexpected boom in US job creation in October has locked in an interest rate rise and will likely encourage another tightening in December, analysts said.
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The U.S. unemployment rate likely  hit its highest in more than a year in December, evidence of  the rising difficulties Americans face finding a job, according  to economists polled by Reuters.
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The number of people looking for work in Germany has risen to its highest level in seven years as bad weather and sluggish growth caused dole queues to swell at the end of last year.
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Jobs growth skidded to a near-halt in December and the unemployment rate hit a two-year high, according to a government report on Friday that raised recession fears and chances of more interest-rate cuts.