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Investing.com -- Germany, Europe’s largest economy, is facing increased pressure as the number of unemployed people has risen more than expected in May, according to data from the labor office figures released on Wednesday.
The labor office reported that the number of individuals without jobs, which had already reached a ten-year high in April, grew by 34,000 in seasonally adjusted terms, bringing the total to 2.96 million.
This increase surpassed the expectations of analysts, who had predicted a rise of only 10,000.
The recent figures indicate an ongoing challenge for the German economy, which is currently under the stewardship of a new government.
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