Investing.com - The number of unemployed people in Germany fell for the first time in three months July, 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 decreased by a seasonally adjusted 12,000 this month, compared to expectations for a drop of 5,000. Jobless claims in June rose by 7,000.
The report showed that Germany’s unemployment held steady at 6.7% in July, in line with expectations and unchanged from June.
Following the release of the data, the euro was lower against the U.S. dollar, with EUR/USD shedding 0.03% to trade at 1.3392.
Meanwhile, European stock markets were mixed. Germany's DAX fell 0.55%, the DJ Euro Stoxx 50 slumped 0.3%, France’s CAC 40 declined 0.1%, while London’s FTSE 100 tacked on 0.2%.