Investing.com - The number of unemployed people in Germany held steady in February, official data showed on Wednesday.
In a report, Germany's Federal Statistics Office said the number of unemployed people was unchanged in February, confounding expectations for a decline of 5,000.
The previous month’s figure was revised to a decline of 26,000 people from a previously reported drop of 34,000.
The report showed that Germany’s unemployment rate was also unchanged, holding steady at 6.8% and confounding expectations for a modest decline to 6.7%.
Following the release of the data, the euro was largely unchanged against the U.S. dollar, with EUR/USD easing down 0.04% to trade at 1.3453.
Meanwhile, European stock markets were mixed to higher after the open. The EURO STOXX 50 rose 0.6%, France’s CAC 40 added 0.4%, Germany's DAX advanced 0.6%, while London’s FTSE 100 dipped 0.1%.
In a report, Germany's Federal Statistics Office said the number of unemployed people was unchanged in February, confounding expectations for a decline of 5,000.
The previous month’s figure was revised to a decline of 26,000 people from a previously reported drop of 34,000.
The report showed that Germany’s unemployment rate was also unchanged, holding steady at 6.8% and confounding expectations for a modest decline to 6.7%.
Following the release of the data, the euro was largely unchanged against the U.S. dollar, with EUR/USD easing down 0.04% to trade at 1.3453.
Meanwhile, European stock markets were mixed to higher after the open. The EURO STOXX 50 rose 0.6%, France’s CAC 40 added 0.4%, Germany's DAX advanced 0.6%, while London’s FTSE 100 dipped 0.1%.