Investing.com - The number of unemployed people in Germany fell for the first time in four months in June, while the country’s jobless rate held steady, official data showed on Thursday.
In a report, Germany's Federal Statistics Office said the number of unemployed people fell by a seasonally adjusted 12,000 in June, confounding expectations for an increase of 8,000.
Jobless claims for May were revised to an increase of 17,000 people from a previously reported gain of 21,000.
The report showed that Germany’s unemployment rate held steady at 6.8% this month, compared to expectations for an uptick to 6.9%.
Following the release of the data, the euro held on to gains against the U.S. dollar, with EUR/USD adding 0.17% to trade at 1.3035.
Meanwhile, European stock markets remained mixed. The EURO STOXX 50 fell 0.4%, France’s CAC 40 declined 0.4%, Germany's DAX dipped 0.1%, while London’s FTSE 100 added 0.4%.
In a report, Germany's Federal Statistics Office said the number of unemployed people fell by a seasonally adjusted 12,000 in June, confounding expectations for an increase of 8,000.
Jobless claims for May were revised to an increase of 17,000 people from a previously reported gain of 21,000.
The report showed that Germany’s unemployment rate held steady at 6.8% this month, compared to expectations for an uptick to 6.9%.
Following the release of the data, the euro held on to gains against the U.S. dollar, with EUR/USD adding 0.17% to trade at 1.3035.
Meanwhile, European stock markets remained mixed. The EURO STOXX 50 fell 0.4%, France’s CAC 40 declined 0.4%, Germany's DAX dipped 0.1%, while London’s FTSE 100 added 0.4%.