The German labour market is still the envy of the world, but this particular monthly datapoint wasn’t quite as hot as expected.
Rather than a net creation of 2K jobs (as expected) it was actually a loss.
German unemployment total up 13k to 2.935 mln. Jobless rate unmoved at 6.9%.
— Markit Economics (@MarkitEconomics) March 28, 2013
Earlier this morning, there was a very strong retail sales number in Germany, so it’s basically a wash on the econ front today from Germany.
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