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German jobless climbs
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December 8, 1998: 6:40 a.m. ET
But data was distorted by labor market programs, analysts say
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LONDON (CNNfn) - German unemployment rose by 4,000 in November from October, to a seasonally adjusted 4.1 million, the Federal Labor Office said Tuesday.
Analysts said, however, that the data for this year has been distorted by labor market programs.
"It's not as if the economy fell off a cliff in November," said Merrill Lynch economist Holger Schmieding, "it's just that these figures have exposed the true state of the labor market. There's not much job creation."
The unemployment rate rose to 10.2 percent compared with 10.1 percent in October.
The number of Germans out of work rose to 3.9 million in November.
German governments have used labor programs to try to get jobless workers back into employment.
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