Investing.com - The number of unemployed people in Germany declined for the fourth consecutive month in January, while the country’s jobless rate fell to a record low, official data showed on Thursday.
In a report, Germany's Federal Statistics Office said the number of unemployed people fell by a seasonally adjusted 9,000 this month, compared to expectations for a drop of 10,000.
Jobless claims decreased by 25,000 in December, whose figure was revised from a previously reported fall of 27,000.
The report showed that Germany’s unemployment dipped to 6.5% in January from 6.6% in December, in line with expectations.
EUR/USD was trading at 1.1297 from around 1.1295 ahead of the release of the data, while EUR/GBP was at 0.7466 from 0.7467 earlier.
Meanwhile, European stock markets remained lower. Germany's DAX slumped 0.7%, the EURO STOXX 50 shed 0.55%, France’s CAC 40 declined 0.6%, while London’s FTSE 100 dropped 0.9%.
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German jobless claims fall by 9,000 in January
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