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German jobless claims fall by 12,000 in June

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Investing.com - The number of unemployed people in Germany fell for the first time in four months in June, 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 fell by a seasonally adjusted 12,000 in June, confounding expectations for an increase of 8,000.

Jobless claims for May were revised to an increase of 17,000 people from a previously reported gain of 21,000.

The report showed that Germany's unemployment rate held steady at 6.8% this month, compared to expectations for an uptick to 6.9%.

Following the release of the data, the euro held on to gains against the U.S. dollar, with EUR/USD adding 0.17% to trade at 1.3035.

Meanwhile, European stock markets remained mixed. The EURO STOXX 50 fell 0.4%, France's CAC 40 declined 0.4%, Germany's DAX dipped 0.1%, while London's FTSE 100 added 0.4%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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