German unemployment rose in December for the ninth month in a row. Nevertheles, Germany closed out 2012 with more people in work since reunification. Economists are predicting that 2013 will continue the trend.
Italy’s public debt hit a new high in 2013, soaring to a level not seen since the country’s statisticians began taking records. The debt exploded as Europe’s third-largest economy remained locked in recession.
As the world grapples with a chronic shortage of jobs, the United Nations has turned its attention to Israel’s so-called innovation nation as a model to promote economic growth and job creation.
Madrid has said February unemployment has dropped for the first time since the start of the global financial crisis. It said reforms were slowly making an impact on the labor market, but the road ahead was still bumpy.
The number of jobless Germans has slightly increased, inching up by about 2,000 people in February. The figure is better than usual for the month as an economic recovery supports the already robust German jobs market.
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