German Unemployment Unexpectedly Jumps Its Most In 5 Years

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.

Earlier this month we saw ugly German factory orders and exports.