Snow blamed for German jobs drop

German unemployment edged up very slightly last month, rising by 3,000 on November. Unemployment had fallen in November and October, as the German recovery continued to build up pace. And employment reached almost 40.5m in November, according to ILO statistics. Economists had expected a further fall in unemployment for December. “The monthly rise in unemployment should be largely attributable to particularly harsh winter weather,” said Thorsten Polleit of Barclays Capital. The unemployment rate stood unchanged at 7.5 per cent.