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Thursday, August 30, 2012

German jobless rate rises again.

 German unemployment has provided more signs of the effect of the eurozone debt crisis, growing for a fifth consecutive month in August with an increase of 9,000 to 2.901M vs. consensus for a rise of 8,000. The jobless rate stayed unchanged at 6.8%. "The significant labor market indicators as a whole are developing increasingly weakly. Lower German economic growth is showing here," the Labor Office said.

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