8 Jan 2009

Rise in jobless in Germany

3:04 pm on 8 January 2009

Germany has reported its first rise in unemployment in almost three years.

Unemployment rose in December for the first time since February 2006, bringing to an end a three-year labour market boom in Europe's largest economy.

Jobless numbers were up by 18,000 in seasonally adjusted terms - more than expected.

The German government is working on a second stimulus package, expected next week, which could total 50 billion euros ($US67 billion).

The Financial Times Deutschland newspaper reported the coalition is also discussing support measures worth up to 100 billion euros for firms in financial trouble.