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German jobless claims rise by 13,000 in March

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Investing.com - The number of unemployed people in Germany rose unexpectedly in March, 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 13,000 in March, compared to expectations for a decline of 4,000.

Jobless claims for January were revised to zero from a previously reported decrease of 3,000.

The report showed that Germany's unemployment rate held steady at 6.9% in March, in line with expectations.

Following the release of the data, the euro was little changed near four-month lows against the U.S. dollar, with EUR/USD down 0.13% to 1.2761.

Meanwhile, European stock markets were lower. The EURO STOXX 50 was down 0.30%, France's CAC 40 lost 0.32%, Germany's DAX dipped 0.07%, while London's FTSE 100 slipped 0.08%.

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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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