Investing.com - The number of unemployed people in Germany fell more-than-expected in March, while the country’s jobless rate dropped to a record low, official data showed on Thursday.
In a report, Germany's Federal Statistics Office said the number of unemployed people fell by a seasonally adjusted 18,000 in March, beating expectations for a decline of 10,000.
The previous month’s figure was revised to a decline of 3,000 people from a previously reported flat reading.
The report showed that Germany’s unemployment rate fell to a record low 6.7% in March from 6.8% in February. Analysts had expected the jobless rate to hold steady at 6.8%.
Following the release of the data, the euro was higher against the U.S. dollar, with EUR/USD rising 0.16% to trade at 1.3337.
Meanwhile, European stock markets remained mixed. The EURO STOXX 50 dipped 0.1%, France’s CAC 40 eased up 0.1%, Germany's DAX shed 0.15%, while London’s FTSE 100 edged 0.1% lower.
In a report, Germany's Federal Statistics Office said the number of unemployed people fell by a seasonally adjusted 18,000 in March, beating expectations for a decline of 10,000.
The previous month’s figure was revised to a decline of 3,000 people from a previously reported flat reading.
The report showed that Germany’s unemployment rate fell to a record low 6.7% in March from 6.8% in February. Analysts had expected the jobless rate to hold steady at 6.8%.
Following the release of the data, the euro was higher against the U.S. dollar, with EUR/USD rising 0.16% to trade at 1.3337.
Meanwhile, European stock markets remained mixed. The EURO STOXX 50 dipped 0.1%, France’s CAC 40 eased up 0.1%, Germany's DAX shed 0.15%, while London’s FTSE 100 edged 0.1% lower.