German labour market records worst December reading since 2010

From think.ing.com

German unemployment increased by 22,900, bringing the unemployment figure to 2.908 million, the highest December level since 2010. According to the just-released data, seasonally adjusted unemployment increased by 3,000, leaving the unemployment rate unchanged at 6.3%. Over the last four years, German unemployment has increased by some 500,000 people. This gradual worsening reflects textbook economics: with the economy effectively stagnating for more than five years and industry facing severe structural challenges, a deterioration in the labour market was inevitable. Things will get worse before they could get better ... (full story)