German Unemployment Unexpectedly Jumps Its Most In 5 Years
May 28, 2014, 13:53 IST
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There's an ugly number from Germany, the economic powerhouse of the Eurozone: Unemployment in April unexpectedly surged 23,937.
Economists were expecting a drop of about 15,000.
Not only was this a massive miss, the number was Germany's worst in 5 years.
This is actually not the first sloppy data we've seen from Germany lately.
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Earlier this month we saw ugly German factory orders and exports.