Investing.com - The number of unemployed people in Germany declined for the fifth consecutive month in February, 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 20,000 this month, compared to expectations for a drop of 10,000.
Jobless claims decreased by 10,000 in January, whose figure was revised from a previously reported fall of 9,000.
The report showed that Germany’s unemployment held steady at 6.5% in February, unchanged from January and in line with expectations.
EUR/USD was trading at 1.1353 from around 1.1357 ahead of the release of the data, while EUR/GBP was at 0.7316 from 0.7317 earlier.
Meanwhile, European stock markets remained mostly higher. Germany's DAX ticked up 0.1%, the EURO STOXX 50 shed 0.1%, France’s CAC 40 rose 0.1%, while London’s FTSE 100 advanced 0.1%.