Investing.com - The number of unemployed people in Germany rose more-than-expected in October, 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 rose by a seasonally adjusted 20,000 in October, compared to expectations for an increase of 10,000.
The previous month’s figure was revised to a gain of 12,000 people from a previously reported increase of 9,000.
The report showed that Germany’s unemployment rate held steady at 6.9% in October, in line with expectations. The jobless rate was revised up from a previously reported 6.8% in September.
Following the release of the data, the euro remained higher against the U.S. dollar, with EUR/USD adding 0.22% to trade at 1.2933.
Meanwhile, European stock markets held on to broad gains. The EURO STOXX 50 rose 0.75%, France’s CAC 40 climbed 0.7%, Germany's DAX advanced 0.85%, while London’s FTSE 100 added 0.6%.
In a report, Germany's Federal Statistics Office said the number of unemployed people rose by a seasonally adjusted 20,000 in October, compared to expectations for an increase of 10,000.
The previous month’s figure was revised to a gain of 12,000 people from a previously reported increase of 9,000.
The report showed that Germany’s unemployment rate held steady at 6.9% in October, in line with expectations. The jobless rate was revised up from a previously reported 6.8% in September.
Following the release of the data, the euro remained higher against the U.S. dollar, with EUR/USD adding 0.22% to trade at 1.2933.
Meanwhile, European stock markets held on to broad gains. The EURO STOXX 50 rose 0.75%, France’s CAC 40 climbed 0.7%, Germany's DAX advanced 0.85%, while London’s FTSE 100 added 0.6%.