German unemployment rises


The Employment Agency (Agentur for Arbeit Rostock) in Rostock, Germany

German unemployment rises

Unemployment in Germany increased in September, according to data released Wednesday by the Federal Labor Agency.

Specifically, Germany went from 2 million to 2,795 million or from 4,5% in August to 6,4% in September. This level of unemployment is still the lowest level since Germany’s reunification but indicates a negative trend. German unemployment pales in comparison with the 10,9% Eurozone average.

One interpretation is that Germany is affected by the deceleration of the currently not-...

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