Investing.com - The number of unemployed people in Germany fell for the seventh straight month in April, while the unemployment rate held steady at an all-time low, official data showed on Thursday.
In a report, Germany's Federal Statistics Office said the unemployment rate was unchanged at a seasonally adjusted 6.2% this month, in line with analyst expectations.
The number of unemployed people fell by a seasonally adjusted 16,000 from a month earlier, compared to forecasts for a gain of 4,000. Jobless claims fell by 3,000 in March, whose figure was revised from a previously reported flat reading.
EUR/USD was trading at 1.1356 from around 1.1355 ahead of the release of the data, while EUR/GBP was at 0.7778 from 0.7777 earlier.
Meanwhile, European stock markets were broadly lower. Germany's DAX dropped 0.85%, the EURO STOXX 50 lost 1%, France’s CAC 40 slumped 0.9%, while London’s FTSE 100 shed 1%.