Investing.com - The number of unemployed people in Germany rose less-than-expected in November, 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 5,000 in November, compared to expectations for an increase of 15,000.
The previous month’s figure was revised to a gain of 19,000 people from a previously reported increase of 20,000.
The report showed that Germany’s unemployment rate held steady at 6.9% in November, in line with expectations and unchanged from October.
Following the release of the data, the euro remained higher against the U.S. dollar, with EUR/USD adding 0.19% to trade at 1.2977.
Meanwhile, European stock markets added to sharp gains. The EURO STOXX 50 rallied 1.2%, France’s CAC 40 climbed 1.1%, Germany's DAX advanced 0.9%, while London’s FTSE 100 added 0.85%.
In a report, Germany's Federal Statistics Office said the number of unemployed people rose by a seasonally adjusted 5,000 in November, compared to expectations for an increase of 15,000.
The previous month’s figure was revised to a gain of 19,000 people from a previously reported increase of 20,000.
The report showed that Germany’s unemployment rate held steady at 6.9% in November, in line with expectations and unchanged from October.
Following the release of the data, the euro remained higher against the U.S. dollar, with EUR/USD adding 0.19% to trade at 1.2977.
Meanwhile, European stock markets added to sharp gains. The EURO STOXX 50 rallied 1.2%, France’s CAC 40 climbed 1.1%, Germany's DAX advanced 0.9%, while London’s FTSE 100 added 0.85%.