Growing unemployment - The recession begins to claim jobs in Europe's largest economy

Recession watch here in Germany. The latest unemployment figures for Europe's largest economy have just been released--and they show that the recession has begun to take hold of the labor market. In July, unemployment rose to 8 point 2 percent. That means a loss of 52,000 jobs for the month. Most economists say unemployment has remained stable in the recession thanks to short-time programs allowing workers to keep their jobs while working less and getting less pay. But analysts expected companies to begin shedding workers in the third quarter.