Investing.com - The number of unemployed people in Germany fell for the fifth consecutive month in April, while the country’s jobless rate held steady at a record low, official data showed on Wednesday.
In a report, Germany's Federal Statistics Office said the number of unemployed people declined by a seasonally adjusted 25,000 this month, better than expectations for a drop of 10,000. Jobless claims in March fell by 14,000.
The report showed that Germany’s unemployment held steady at 6.7% in April, in line with expectations and unchanged from March.
Following the release of the data, the euro was modestly lower against the U.S. dollar, with EUR/USD easing down 0.02% to trade at 1.3809.
Meanwhile, European stock markets remained lower. Germany's DAX shed 0.15%, the Euro Stoxx 50 fell 0.3%, France’s CAC 40 dipped 0.4%, while London’s FTSE 100 inched down 0.1%.