Shutterstock photo
Markets

German jobless claims rise 3,000 in December

Shutterstock photo

Shutterstock photo

Investing.com - The number of unemployed people in Germany rose less-than-expected in December, 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 3,000 in December, compared to expectations for an increase of 10,000.

Jobless claims rose by an unrevised 5,000 in November.

The report showed that Germany's unemployment rate held steady at 6.9% in December, in line with expectations and unchanged from November.

Following the release of the data, the euro remained lower against the U.S. dollar, with EUR/USD shedding 0.2% to trade at 1.3162.

Meanwhile, European stock markets held on to mild losses. The EURO STOXX 50 fell 0.45%, France's CAC 40 declined 0.45%, Germany's DAX dipped 0.2%, while London's FTSE 100 eased down 0.1%.

Investing.com - Investing.com offers an extensive set of professional tools for the Forex, Commodities, Futures and the Stock Market including real-time data streaming, a comprehensive economic calendar, as well as financial news and technical & fundamental analysis by in-house experts.

Read more News on Investing.com or Follow us on Twitter at @ Newsinvesting

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.

Other Topics

ForEx