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German unemployment rate stands still at record low of 6.2%

In April, the overall number of jobless people in Germany edged down for the seventh straight month, while the unemployment rate stood still an all-time low, according to official data, issued on Thursday.    

In its recent report, German Federal Statistics Office officially informed that the unemployment rate was quite intact at a seasonally adjusted 6.2% this month. In general, that appears to be in line with experts’ expectations.

The overall number of jobless German citizens went down by a seasonally adjusted 16,000 from the previous month, compared to forecasts for a surge of 4,000. Jobless claims fell by 3,000 in March. This month’s figure was totally revised from the previously reported flat reading.   

Meanwhile, the currency pair EUR/USD was worth 1.1356, while EUR/GBP surged to 0.7778.    

In general, European stock markets edged down. The Euro Stoxx 50 tumbled 1%, German DAX dived 0.85%, British FTSE 100 lost 1% and Frensh CAC 40 lacked 0.9%.  

 

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