German jobless rate up to 6.7 percent

Written By Unknown on Kamis, 03 Januari 2013 | 18.59

GERMANY'S unemployment rate crept up to 6.7 per cent in December due to seasonal factors and a more sluggish economy, but the labour market remained robust.

The Federal Labor Agency said on Thursday the unadjusted jobless rate was up from 6.5 per cent in November.

About 2.84 million people were registered unemployed in Germany, Europe's biggest economy - 80,000 more than the previous month and 60,000 higher than a year earlier.

Germany's economy has enjoyed robust growth that kept down unemployment even as many debt-troubled European partners have seen output shrink and joblessness soar.

Still, the economy saw slower growth in 2012 than in previous years.

In seasonally adjusted terms, the unemployment rate was static at 6.9 per cent in December, while the number of jobless was 3000 higher than the previous month.


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