Investing.com - The number of unemployed people in Germany rose broadly in line with market expectations in September, while the country’s jobless rate held steady, official data showed on Thursday.
In a report, Germany's Federal Statistics Office said the number of unemployed people rose by a seasonally adjusted 9,000 in September, compared to expectations for an increase of 10,000.
The previous month’s figure was revised to a gain of 11,000 people from a previously reported increase of 9,000.
The report showed that Germany’s unemployment rate held steady at 6.8% in September, unchanged from August and in line with expectations.
Following the release of the data, the euro remained higher against the U.S. dollar, with EUR/USD adding 0.1% to trade at 1.2886.
Meanwhile, European stock markets held on to broad gains. The EURO STOXX 50 rose 0.6%, France’s CAC 40 climbed 0.65%, Germany's DAX advanced 0.5%, while London’s FTSE 100 eased up 0.25%.
In a report, Germany's Federal Statistics Office said the number of unemployed people rose by a seasonally adjusted 9,000 in September, compared to expectations for an increase of 10,000.
The previous month’s figure was revised to a gain of 11,000 people from a previously reported increase of 9,000.
The report showed that Germany’s unemployment rate held steady at 6.8% in September, unchanged from August and in line with expectations.
Following the release of the data, the euro remained higher against the U.S. dollar, with EUR/USD adding 0.1% to trade at 1.2886.
Meanwhile, European stock markets held on to broad gains. The EURO STOXX 50 rose 0.6%, France’s CAC 40 climbed 0.65%, Germany's DAX advanced 0.5%, while London’s FTSE 100 eased up 0.25%.