Investing.com – The number of unemployed people in Germany declined slightly more-than-expected in April, official data showed on Thursday.
In a report, Germany's Federal Statistics Office said the number of unemployed people declined by a seasonally adjusted -37K in April, after falling by -55K in March.
Analysts had expected the number of unemployed people to decline by -36K in April.
The report showed that Germany’s unemployment rate held steady at 7.1% in April, confounding expectations for a drop to 7.0%.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD gaining 0.32% to hit 1.4836.
Meanwhile, European stock markets were higher. The EURO STOXX 50 climbed 0.65%, France’s CAC 40 added 0.6%, the FTSE 100 eased up 0.05%, while Germany's DAX jumped 0.5%.
In a report, Germany's Federal Statistics Office said the number of unemployed people declined by a seasonally adjusted -37K in April, after falling by -55K in March.
Analysts had expected the number of unemployed people to decline by -36K in April.
The report showed that Germany’s unemployment rate held steady at 7.1% in April, confounding expectations for a drop to 7.0%.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD gaining 0.32% to hit 1.4836.
Meanwhile, European stock markets were higher. The EURO STOXX 50 climbed 0.65%, France’s CAC 40 added 0.6%, the FTSE 100 eased up 0.05%, while Germany's DAX jumped 0.5%.