Number of unemployed in Germany decreased by 16,000

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Thursday, Apr 28 2016

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.The number of unemployed people fell by a seasonally adjusted 16,000 from a month earlier, compared to forecasts for a gain of 1,000. Jobless claims fell by 3,000 in March, whose figure was revised from a previously reported flat reading.

The rate of unemployment in Germany remained unchanged last month. In a report, German Federal Statistical Office said that German unemployment rate remained unchanged at a seasonally adjusted 6.2%, from 6.2% in the preceding month. Analysts had expected German unemployment rate to remain unchanged at 6.2% last month.

Euro is currently being traded few points below 1.1350 level. Pair is likely to find support around 1.1250 handle and resistance above 1.1380 level. Later today, in the US session, GDP and Unemployment Claims figures will be published.

More in this category: « Spanish Unemployment Rate rose to 21.0% US GDP grew less than expected »

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