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Data: Investing.com; Chart: Axios Visuals

The number of people who are out of work in Germany increased by 4,000 in August, touching a total of 2.29 million, as signs point toward a recession under the weight of the country's manufacturing collapse.

The big picture: The German unemployment rate has increased in 3 of the past 4 months, including the largest spike in unemployment in May since the financial crisis. In the one month unemployment did not increase, the economy added just 1,000 jobs. The recent turn follows 6 straight years of almost continuous reductions in unemployment — which still remains at a historically low 5%.

Go deeper: Shrinking German economy signals danger for global financial health

Go deeper

8 mins ago - Politics & Policy

Scoop: Republican super PAC raised $92 million in September

Senate Majority Leader Mitch McConnell. Photo: The Washington Post/Getty Images

The Senate Leadership Fund, a super PAC associated with Senate Majority Leader Mitch McConnell, raised more than twice as much this September as it did two years ago, according to a FEC filing that will go live Tuesday night.

By the numbers: The SLF raised $92 million in September, spent $105 million, and ended the month with $113 million cash on hand, as Republicans work to maintain their majority on Nov. 3.

Erica Pandey, author of @Work
9 mins ago - Economy & Business

The evolution of HR

Illustration: Aïda Amer/Axios

Before the onset of the coronavirus pandemic, human resources jobs were on the automation chopping block. Now they're essential.

The big picture: HR departments across the world have pulled off the incredible feat of turning companies from in-person to remote overnight, and as the pandemic continues to determine the future of work, HR has been elevated from a back-office function to a C-suite conversation.

17 mins ago - Technology

Netflix stock sinks after Q3 subscriber miss

Illustration:Rebecca Zisser/Axios

Netflix's stock was down more than 5% in after-hours trading Tuesday after the tech giant reported that it missed expectations on global subscriber growth for the quarter.

Why it matters: Netflix experienced explosive growth during the first half of the year. It wasn't expected to match that growth this quarter, when lockdowns lifted and after new competitive services had launched, but analysts were still expecting it to meet expectations of at least 3.3 million net new global subscribers.