Investing.com - The number of unemployed people in Germany fell for the second consecutive month in July, while the country’s jobless rate held steady, official data showed on Wednesday.
In a report, Germany's Federal Statistics Office said the number of unemployed people fell by a seasonally adjusted 7,000 in July, compared to expectations for a decline of 4,000.
Jobless claims for June were revised to a drop of 13,000 people from a previously reported decline of 12,000.
The report showed that Germany’s unemployment rate held steady at 6.8% this month, in line with expectations and unchanged from the previous month.
Following the release of the data, the euro added to gains against the U.S. dollar, with EUR/USD rising 0.15% to trade at 1.3283.
Meanwhile, European stock markets remained lower. The EURO STOXX 50 fell 0.2%, France’s CAC 40 declined 0.4%, Germany's DAX dipped 0.4%, while London’s FTSE 100 eased down 0.1%.
In a report, Germany's Federal Statistics Office said the number of unemployed people fell by a seasonally adjusted 7,000 in July, compared to expectations for a decline of 4,000.
Jobless claims for June were revised to a drop of 13,000 people from a previously reported decline of 12,000.
The report showed that Germany’s unemployment rate held steady at 6.8% this month, in line with expectations and unchanged from the previous month.
Following the release of the data, the euro added to gains against the U.S. dollar, with EUR/USD rising 0.15% to trade at 1.3283.
Meanwhile, European stock markets remained lower. The EURO STOXX 50 fell 0.2%, France’s CAC 40 declined 0.4%, Germany's DAX dipped 0.4%, while London’s FTSE 100 eased down 0.1%.