Investing.com - The number of unemployed people in Germany rose for the second consecutive month in September, while the country’s jobless rate inched higher, official data showed on Tuesday.
In a report, Germany's Federal Statistics Office said the number of unemployed people rose by a seasonally adjusted 25,000 in September, confounding expectations for a decline of 5,000.
Jobless claims in August rose by 9,000.
The report showed that Germany’s unemployment rate inched up to 6.9% in September from 6.8% in August. Economists had expected no change.
Following the release of the data, the euro held on to gains against the U.S. dollar, with EUR/USD adding 0.3% to trade at 1.3565.
Meanwhile, European stock markets remained higher. The EURO STOXX 50 rose 0.85%, France’s CAC 40 advanced 0.75%, Germany's DAX tacked on 0.6%, while London’s FTSE 100 was flat.