Investing.com – The number of unemployed people in Germany increased unexpectedly in December, rising for the first time in 17 months, official data showed on Tuesday.
In a report, Germany's Federal Statistics Office said the number of unemployed people rose by a seasonally adjusted 3K in December, after declining by -8K in November, whose figure was revised from a decline of -9K.
Analysts had expected the number of unemployed people to decline by -14K in December.
The report also showed that Germany’s unemployment rate was unchanged in December, holding steady at a seasonally adjusted 7.5%, broadly in line with expectations.
Following the release of the data, the euro was down against the U.S. dollar, with EUR/USD shedding 0.06% to hit 1.3351.
Meanwhile, European stock markets were mixed. The EURO STOXX 50 fell 0.24%, France’s CAC 40 shed 0.14%, Germany's DAX was down 0.37%, while the FTSE 100 rallied 1.60%.
In a report, Germany's Federal Statistics Office said the number of unemployed people rose by a seasonally adjusted 3K in December, after declining by -8K in November, whose figure was revised from a decline of -9K.
Analysts had expected the number of unemployed people to decline by -14K in December.
The report also showed that Germany’s unemployment rate was unchanged in December, holding steady at a seasonally adjusted 7.5%, broadly in line with expectations.
Following the release of the data, the euro was down against the U.S. dollar, with EUR/USD shedding 0.06% to hit 1.3351.
Meanwhile, European stock markets were mixed. The EURO STOXX 50 fell 0.24%, France’s CAC 40 shed 0.14%, Germany's DAX was down 0.37%, while the FTSE 100 rallied 1.60%.