German unemployment hits June 2011 high

(Source: Reuters)

German unemployment rose by 21,000 in May from 6,000 the month before (revised up from 4,000). Analysts had expected an unemployment rise of just 5,000. The increase is the biggest seen in any month since April 2009.

The unemployment rate has stayed flat at 6.9 per cent with 2.963m Germans out of work, the highest level since June 2011.