Investing.com - The number of unemployed people in Germany rose for the third consecutive month in October, 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 rose by a seasonally adjusted 2,000 in October, compared to expectations for an increase of 5,000.
Jobless claims in September were revised down to a gain of 24,000 from a previously reported increase of 25,000.
The report showed that Germany’s unemployment held steady at 6.9% in October, in line with expectations.
Following the release of the data, the euro held on to gains against the U.S. dollar, with EUR/USD adding 0.09% to trade at 1.3757.
Meanwhile, European stock markets remained higher. The EURO STOXX 50 rose 0.6%, France’s CAC 40 advanced 0.6%, Germany's DAX tacked on 0.4%, while London’s FTSE 100 inched up 0.5%.
In a report, Germany's Federal Statistics Office said the number of unemployed people rose by a seasonally adjusted 2,000 in October, compared to expectations for an increase of 5,000.
Jobless claims in September were revised down to a gain of 24,000 from a previously reported increase of 25,000.
The report showed that Germany’s unemployment held steady at 6.9% in October, in line with expectations.
Following the release of the data, the euro held on to gains against the U.S. dollar, with EUR/USD adding 0.09% to trade at 1.3757.
Meanwhile, European stock markets remained higher. The EURO STOXX 50 rose 0.6%, France’s CAC 40 advanced 0.6%, Germany's DAX tacked on 0.4%, while London’s FTSE 100 inched up 0.5%.