Investing.com - The number of unemployed people in Germany rose unexpectedly in March, 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 rose by a seasonally adjusted 13,000 in March, compared to expectations for a decline of 4,000.
Jobless claims for January were revised to zero from a previously reported decrease of 3,000.
The report showed that Germany’s unemployment rate held steady at 6.9% in March, in line with expectations.
Following the release of the data, the euro was little changed near four-month lows against the U.S. dollar, with EUR/USD down 0.13% to 1.2761.
Meanwhile, European stock markets were lower. The EURO STOXX 50 was down 0.30%, France’s CAC 40 lost 0.32%, Germany's DAX dipped 0.07%, while London’s FTSE 100 slipped 0.08%.
In a report, Germany's Federal Statistics Office said the number of unemployed people rose by a seasonally adjusted 13,000 in March, compared to expectations for a decline of 4,000.
Jobless claims for January were revised to zero from a previously reported decrease of 3,000.
The report showed that Germany’s unemployment rate held steady at 6.9% in March, in line with expectations.
Following the release of the data, the euro was little changed near four-month lows against the U.S. dollar, with EUR/USD down 0.13% to 1.2761.
Meanwhile, European stock markets were lower. The EURO STOXX 50 was down 0.30%, France’s CAC 40 lost 0.32%, Germany's DAX dipped 0.07%, while London’s FTSE 100 slipped 0.08%.