(MENAFN- FxPro) The number of unemployed people in Germany declined for the ninth consecutive month in June, while the country's jobless rate held steady at a record low, official data showed on Tuesday.
In a report, Germany's Federal Statistics Office said the number of unemployed people fell by a seasonally adjusted 1,000 this month, compared to expectations for a drop of 5,000.
Jobless claims decreased by 5,000 in May, whose figure was revised from a previously reported fall of 6,000.
The report showed that Germany's unemployment rate held steady at 6.4% in June, in line with expectations and unchanged from May.
EUR/USD was trading at 1.1165 from around 1.1175 ahead of the release of the data, while EUR/GBP was at 0.7109 from 0.7112 earlier.
Meanwhile, European stock markets remained mildly lower. Germany's DAX fell 0.85%, the EURO STOXX 50 shed 0.7%, France's CAC 40 declined 0.9%, while London's FTSE 100 dipped 0.7%.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.