Investing.com – The number of unemployed people in Germany declined less-than-expected in November, official data showed on Tuesday.
In a report, Germany's Federal Statistics Office said the number of unemployed people declined by a seasonally adjusted -9K in November, compared to -3K in October.
Analysts had expected the number of unemployed people to decline by 20K in November.
The report also showed that Germany’s unemployment rate was unchanged in November, holding steady at a seasonally adjusted 7.5%, in line with expectations.
Following the release of the data, the euro was down against the U.S. dollar, with EUR/USD tumbling 0.62% to hit 1.3045.
Meanwhile, European stock markets were mixed. The EURO STOXX 50 fell 0.45%, France’s CAC 40 shed 0.36%, the FTSE 100 declined 0.21% and Germany's DAX was up 0.07%.
In a report, Germany's Federal Statistics Office said the number of unemployed people declined by a seasonally adjusted -9K in November, compared to -3K in October.
Analysts had expected the number of unemployed people to decline by 20K in November.
The report also showed that Germany’s unemployment rate was unchanged in November, holding steady at a seasonally adjusted 7.5%, in line with expectations.
Following the release of the data, the euro was down against the U.S. dollar, with EUR/USD tumbling 0.62% to hit 1.3045.
Meanwhile, European stock markets were mixed. The EURO STOXX 50 fell 0.45%, France’s CAC 40 shed 0.36%, the FTSE 100 declined 0.21% and Germany's DAX was up 0.07%.