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ZDEU - Germany: Stable On The Outside But Shaky Inside
SPDR Solactive Germany ETF
German unemployment increased by 8,000 in December, increasing the number of unemployed to 2.707 million. The seasonally adjusted unemployment rate remained unchanged at 6.1%.
At face value, the headline numbers suggest that the country’s labour market could go through the crisis almost unharmed.
The real impact of the crisis on the labour market can be found in short-time work schemes.