Investing.com - The number of unemployed people in Germany was unchanged in March, while the unemployment rate held steady at an all-time low, official data showed on Thursday.
In a report, Germany's Federal Statistics Office said the unemployment rate was unchanged at a seasonally adjusted 6.2% in March, in line with analyst expectations.
The number of unemployed people was flat in March from a month earlier, disappointing forecasts for a drop of 7,000. Jobless claims fell by 9,000 in February, whose figure was revised from a previously reported decline of 10,000.
EUR/USD was trading at 1.1334 from around 1.1336 ahead of the release of the data, while EUR/GBP was at 0.7908 from 0.7906 earlier.
Meanwhile, European stock markets were broadly lower. Germany's DAX dropped 0.6%, the EURO STOXX 50 lost 1.1%, France’s CAC 40 slumped 1.2%, while London’s FTSE 100 shed 0.7%.