Investing.com - The number of unemployed people in Germany rose for the second 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 increased by a seasonally adjusted 9,000 last month, disappointing expectations for a drop of 10,000. Jobless claims in May rose by 25,000.
The report showed that Germany’s unemployment held steady at 6.7% in June, in line with expectations and unchanged from May.
Following the release of the data, the euro was lower against the U.S. dollar, with EUR/USD shedding 0.02% to trade at 1.3690.
Meanwhile, European stock markets remained higher. Germany''s DAX eased up 0.1%, the DJ Euro Stoxx 50 tacked on 0.1%, France’s CAC 40 advanced 0.35%, while London’s FTSE 100 added 0.35%.
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