Daily Recession covers the world as it goes into recession. The financial crisis, stock market crash, bankruptcies, job cuts, and the turmoil that follows.

German jobless hits three million as recession bites

Posted: January 8th, 2009 | Author: | Filed under: Recession News | Tags: , | No Comments »

German unemployment has risen for the first time for 33 months with the total number of jobless now above three million, data showed on Wednesday as the recession in Europe’s economic powerhouse begins to bite.

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