News Summary: German jobless rate up to 6.7 pct

News Summary: Germany's jobless rate rises to 6.7 pct in December as economic growth slows

Associated Press

THE NUMBERS: Germany's unemployment rate rose to 6.7 percent in December from 6.5 percent in November. About 2.8 million people were out of work in Europe's biggest economy.

THE CAUSE: The government said seasonal factors such as Christmas and slower growth in 2012 were to blame.

RELATIVELY HEALTHY: Germany's unemployment rate pales in comparison to that of its more heavily indebted European neighbors. About a quarter of the population of Spain and Greece are jobless.

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