German Jobless Rate Unchanged at Over 38-Year Low

Germany's seasonally adjusted harmonised unemployment stood at 3.3 percent in November 2018, unchanged from the previous month's 38-year low, as the number of unemployed declined further and employment grew slightly.

The number of unemployed people fell by 0.7 percent from a month earlier to 1.44 million in November, while employment edged up 0.2 percent to 42.06 million.

Compared with November last year, unemployment dropped by 7.7 percent from 1.56 million people and the number of employed rose by 1 percent from 41.66 million.

Youth unemployment rate, measuring job-seekers under 25 years old, was unchanged at 6.1 percent in November, staying at the lowest level since March 1992.

Separate data from the Labour Office showed that the seasonally adjusted number of unemployed fell by 14 thousand from a month earlier to 2.26 million in December, following a 16 thousand drop in November and compared to market consensus of an 11 thousand decline. The unemployment rate stood at 5 percent in December, unchanged from the previous month and the lowest since German reunification in 1990.

German Jobless Rate Unchanged at Over 38-Year Low

Destatis | Rida Husna |
1/4/2019 11:52:48 AM