Investing.com - The number of unemployed people in Germany fell for the fourth consecutive month in March, 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 declined by a seasonally adjusted 12,000 last month, better than expectations for a drop of 10,000. Jobless claims in February fell by 15,000.
The report showed that Germany’s unemployment held steady at 6.7% in March, compared to expectations for a reading of 6.8%.
Following the release of the data, the euro was modestly higher against the U.S. dollar, with EUR/USD easing up 0.15% to trade at 1.3791.
Meanwhile, European stock markets remained higher. Germany''s DAX edged 0.45% higher, the Euro Stoxx 50 rose 0.3%, France’s CAC 40 added 0.55%, while London’s FTSE 100 inched up 0.5%.
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