German unemployment unexpectedly rose in March as renewed tensions in financial markets increased uncertainty about the euro region’s recovery. The number of people out of work increased a seasonally adjusted 13,000 to 2.94 million, the Nuremberg-based Federal Labor Agency said today. Economists had predicted a decline of 2,000, according to the median of 24 estimates in a Bloomberg News survey. The adjusted jobless rate held at 6.9 percent, slightly above a two-decade low of 6.8 percent. The euro area, the country’s largest export market, remains mired in recession and Cyprus’s botched bailout is weighing on ... (full story)