Investing.com - The number of unemployed people in Germany fell for the third consecutive month in February, 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 3,000 in February, compared to expectations for a decline of 5,000.
Jobless claims for January were revised to a decline of 14,000 people from a previously reported decrease of 16,000.
The report showed that Germany’s unemployment rate held steady at 6.9% in February. Analysts’ had expected the jobless rate to fall to 6.8% this month.
Following the release of the data, the euro was little changed against the U.S. dollar, with EUR/USD easing up 0.03% to trade at 1.3139.
Meanwhile, European stock markets held on to gains. The EURO STOXX 50 rose 0.5%, France’s CAC 40 added 0.5%, Germany's DAX advanced 0.7%, while London’s FTSE 100 tacked on 0.5%.
In a report, Germany's Federal Statistics Office said the number of unemployed people fell by a seasonally adjusted 3,000 in February, compared to expectations for a decline of 5,000.
Jobless claims for January were revised to a decline of 14,000 people from a previously reported decrease of 16,000.
The report showed that Germany’s unemployment rate held steady at 6.9% in February. Analysts’ had expected the jobless rate to fall to 6.8% this month.
Following the release of the data, the euro was little changed against the U.S. dollar, with EUR/USD easing up 0.03% to trade at 1.3139.
Meanwhile, European stock markets held on to gains. The EURO STOXX 50 rose 0.5%, France’s CAC 40 added 0.5%, Germany's DAX advanced 0.7%, while London’s FTSE 100 tacked on 0.5%.