Investing.com - The number of unemployed people in Germany fell for the first time in five months in December, while the country’s jobless rate held steady, official data showed on Tuesday.
In a report, Germany's Federal Statistics Office said the number of unemployed people declined by a seasonally adjusted 15,000 last month, better than expectations for a drop of 1,000. Jobless claims in November were revised down to a gain of 9,000 from a previously reported increase of 10,000.
The report showed that Germany’s unemployment held steady at 6.9% in December, in line with expectations.
Following the release of the data, the euro held on to modest losses against the U.S. dollar, with EUR/USD shedding 0.05% to trade at 1.3622.
Meanwhile, European stock markets remained mixed in listless trade. The EURO STOXX 50 rose 0.1%, France’s CAC 40 declined 0.2%, Germany's DAX tacked on 0.1%, while London’s FTSE 100 inched up 0.1%.
In a report, Germany's Federal Statistics Office said the number of unemployed people declined by a seasonally adjusted 15,000 last month, better than expectations for a drop of 1,000. Jobless claims in November were revised down to a gain of 9,000 from a previously reported increase of 10,000.
The report showed that Germany’s unemployment held steady at 6.9% in December, in line with expectations.
Following the release of the data, the euro held on to modest losses against the U.S. dollar, with EUR/USD shedding 0.05% to trade at 1.3622.
Meanwhile, European stock markets remained mixed in listless trade. The EURO STOXX 50 rose 0.1%, France’s CAC 40 declined 0.2%, Germany's DAX tacked on 0.1%, while London’s FTSE 100 inched up 0.1%.