Investing.com – The number of unemployed people in Germany fell more-than-expected in December, while the country’s jobless rate dropped to a record low, official data showed on Tuesday.
In a report, Germany's Federal Statistics Office said the number of unemployed people fell by a seasonally adjusted 22,000 in December, easily surpassing expectations for a decline of 10,000.
The previous month’s figure was revised to a decline of 23,000 people from a previously reported drop 20,000.
The report showed that Germany’s unemployment rate fell to a record low 6.8% in December from 6.9% in November. Analysts had expected the jobless rate to remain unchanged at 6.9%.
Following the release of the data, the euro added to gains against the U.S. dollar, with EUR/USD rising 0.41% to trade at 1.2988.
Meanwhile, European stock markets were mixed after the open. The EURO STOXX 50 eased down 0.1%, France’s CAC 40 fell 0.6%, the FTSE 100 rallied 1.25%, while Germany's DAX climbed 0.9%.
In a report, Germany's Federal Statistics Office said the number of unemployed people fell by a seasonally adjusted 22,000 in December, easily surpassing expectations for a decline of 10,000.
The previous month’s figure was revised to a decline of 23,000 people from a previously reported drop 20,000.
The report showed that Germany’s unemployment rate fell to a record low 6.8% in December from 6.9% in November. Analysts had expected the jobless rate to remain unchanged at 6.9%.
Following the release of the data, the euro added to gains against the U.S. dollar, with EUR/USD rising 0.41% to trade at 1.2988.
Meanwhile, European stock markets were mixed after the open. The EURO STOXX 50 eased down 0.1%, France’s CAC 40 fell 0.6%, the FTSE 100 rallied 1.25%, while Germany's DAX climbed 0.9%.