Investing.com - The number of unemployed people in Germany declined for the eighth consecutive month in May, while the country’s jobless rate held steady at a record low, official data showed on Tuesday.
In a report, Germany's Federal Statistics Office said the number of unemployed people fell by a seasonally adjusted 6,000 last month, compared to expectations for a drop of 10,000.
Jobless claims decreased by 9,000 in April, whose figure was revised from a previously reported fall of 8,000.
The report showed that Germany’s unemployment held steady at 6.4% in May, in line with expectations and unchanged from April.
EUR/USD was trading at 1.0971 from around 1.0969 ahead of the release of the data, while EUR/GBP was at 0.7217 from 0.7214 earlier.
Meanwhile, European stock markets remained mildly lower. Germany's DAX fell 0.35%, the EURO STOXX 50 shed 0.1%, France’s CAC 40 declined 0.1%, while London’s FTSE 100 dipped 0.15%.
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German jobless claims fall by 6,000 in May
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