Investing.com - The number of unemployed people in Germany rose for the fourth consecutive month in November, while the country’s jobless rate held steady, official data showed on Thursday.
In a report, Germany's Federal Statistics Office said the number of unemployed people rose by a seasonally adjusted 10,000 this month, compared to expectations for an increase of 1,000.
Jobless claims in October were revised up to a gain of 3,000 from a previously reported increase of 2,000.
The report showed that Germany’s unemployment held steady at 6.9% in November, in line with expectations.
Following the release of the data, the euro held on to gains against the U.S. dollar, with EUR/USD adding 0.21% to trade at 1.3607, compared to 1.3604 ahead of the data.
Meanwhile, European stock markets remained higher. The EURO STOXX 50 rose 0.3%, France’s CAC 40 advanced 0.2%, Germany's DAX tacked on 0.3%, while London’s FTSE 100 inched up 0.15%.
In a report, Germany's Federal Statistics Office said the number of unemployed people rose by a seasonally adjusted 10,000 this month, compared to expectations for an increase of 1,000.
Jobless claims in October were revised up to a gain of 3,000 from a previously reported increase of 2,000.
The report showed that Germany’s unemployment held steady at 6.9% in November, in line with expectations.
Following the release of the data, the euro held on to gains against the U.S. dollar, with EUR/USD adding 0.21% to trade at 1.3607, compared to 1.3604 ahead of the data.
Meanwhile, European stock markets remained higher. The EURO STOXX 50 rose 0.3%, France’s CAC 40 advanced 0.2%, Germany's DAX tacked on 0.3%, while London’s FTSE 100 inched up 0.15%.