Germany Loses 15,000 Jobs in a Day, Adding to Economy&#39;s Woes
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Germany&#39;s economic woes deepened as General Motors Corp. and KarstadtQuelle AG announced plans to cut as many as 15,000 jobs in Europe&#39;s largest economy.
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German unemployment fell faster than expected last month in another boost for Europe's largest economy.
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Industrial output in Germany fell in November, hit by declining activity in the key manufacturing, construction and energy sectors, data published by the German Economy and Labour Ministry showed.
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Germany's economy could be seriously damaged by further increases in oil prices, the central Bundesbank said Monday.
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The number of people looking for work in Germany rose in August, as the modest economic recovery was not enough to create any new jobs in the eurozone's biggest economy, official data showed.
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Germany's monthly jobless total for September reaches its lowest point for nearly 15 years.
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The number of workers filing new claims for jobless aid unexpectedly fell 15,000 last week to its lowest in four months, according to government data on Thursday that underscored a stronger labor market.
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Germany surprised experts again with a larger-than-expected decrease in the number of unemployed.
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Following the slump in manufacturing orders in Germany in November, industrial output also fell sharply in the eurozone's biggest economy in the same month, suggesting that German growth as a whole likely remained weak in the fourth quarter.
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Manufacturing orders in Germany, Europe s largest economy, declined the most in five months in November as the euro s gains against the dollar made exports more expensive and unemployment weighed on domestic ...
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The current economic boom in Germany enabled Europe&#39;s biggest economy to hold its jobless rate at the lowest level for six years this month, data showed on Thursday.
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High oil prices dealt Germany&#39;s economy an unexpectedly severe blow in the third quarter, data showed on Thursday, leading economists to trim their growth forecasts for the 12-nation euro zone.
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Germany's unemployment rate rose to 10.3 percent in November as the country's economy continued to plod along with near-zero growth, the government said.
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German unemployment rises again, taking the average jobless total to its worst level since reunification in 1990.
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Clouds continued to gather over the German economy on Monday, as the Bundesbank estimated that the modest recovery of the eurozone&#39;s biggest economy already appears to be running out steam.
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The German government said on Tuesday U.S. plans to pull out 30,000 troops were a sign of Europe's divisions being healed, but communities hit by the decision warned they were headed for economic disaster.
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With jobs scarce, the economy stagnant and cherished social programs chopped, a surprising number of Germans have reached the same conclusion: that 15 years after the fall of the Berlin Wall became an ...