Investing.com - The number of unemployed people in Germany declined for the first time in three months in October, while the country’s jobless rate held steady at 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 22,000 this month, compared to expectations for a gain of 5,000.
Jobless claims increased by 9,000 in September, upwardly revised from a previously reported gain of 13,000.
The report showed that Germany’s unemployment held steady at 6.7% in October, in line with expectations and unchanged from September.
EUR/USD was trading at 1.2581 from around 1.2577 ahead of the release of the data, while EUR/GBP was at 0.7873 from 0.7872 earlier.
Meanwhile, European stock markets remained mostly higher. Germany's DAX tacked on 0.5%, the DJ Euro Stoxx 50 inched up 0.5%, France’s CAC 40 advanced 0.8%, while London’s FTSE 100 slumped 0.1%.