German Labor Market Stabilizes

 @ibtimes
on December 01 2009 4:24 AM

The unemployment in Germany held steady at 8.1% inline with expectations, yet it actually improved considering the unexpected downside revision to the previous month to 8.2% from 8.1% initially reported. The unemployment fell by 7 thousand in November following 26 thousand drop the previous month, yet still better than the expected rise by 5 thousand new jobless.

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