Investing.com – The number of unemployed people in Germany declined significantly more-than-expected in March, official data showed on Thursday.
In a report, Germany's Federal Statistics Office said the number of unemployed people declined by a seasonally adjusted -55K in March, after falling by -54K in February, whose figure was revised from a decline -52K.
Analysts had expected the number of unemployed people to decline by -29K in March.
The report also showed that Germany’s unemployment rate fell more-than-expected in March, dropping to 7.1% after declining to 7.3% in February, and beating expectations for a drop to 7.2%.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD gaining 0.39% to hit 1.4183.
Meanwhile, European stock markets were mixed. The EURO STOXX 50 shed 0.1%, France’s CAC 40 added 0.05%, the FTSE 100 rose 0.21%, while Germany's DAX climbed 0.3%.
In a report, Germany's Federal Statistics Office said the number of unemployed people declined by a seasonally adjusted -55K in March, after falling by -54K in February, whose figure was revised from a decline -52K.
Analysts had expected the number of unemployed people to decline by -29K in March.
The report also showed that Germany’s unemployment rate fell more-than-expected in March, dropping to 7.1% after declining to 7.3% in February, and beating expectations for a drop to 7.2%.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD gaining 0.39% to hit 1.4183.
Meanwhile, European stock markets were mixed. The EURO STOXX 50 shed 0.1%, France’s CAC 40 added 0.05%, the FTSE 100 rose 0.21%, while Germany's DAX climbed 0.3%.