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German April unemployment drops less than expected

LONDON (MarketWatch) — German unemployment fell less than expected in April, declining by 7,000 after a drop of 48.000 in March, news reports said. The figures from the German labor office were seasonally adjusted. The consensus forecast was for a drop of around 30,000. The labor office noted, however, that a computer glitch hampered the jobless count for the month, preventing the agency from accounting for all persons who found jobs in April, Dow Jones Newswires reproted. The labor office said around 15,000 files may have been neglected and that the data will be corrected in May, the report said. The April jobless rate was unchanged from March at 7.9%.
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Original post by Forextvblog

This entry was posted on Wednesday, April 30th, 2008 at 4:36 am and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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