German Unemployment Edges Up

Frosty temperatures in January have led to a slight increase in unemployment in Europe’s largest economy, the Federal Labor Office has reported, DW says. It hastened to add there was no reason to panic. The number of jobless people in Germany rose to 2.777 million in January month on month, the Nuremberg-based Federal Labor Office reported Tuesday, marking an increase by 209,000 people compared with the level recorded in December of last year. The month-on-month unemployment rate came in at 6.3% in January, up from 5.8% in the previous month.