Germany Unemployment Rate at 36-Year Low

German seasonally adjusted harmonised jobless rate came in at 3.9 percent in December of 2016, the same as a downwardly revised 3.9 percent in November and hitting the lowest since December of 1980.

Compared with the previous month, the number of unemployed persons declined by 1.8 percent to 1.68 million from 1.71 million and employment edged up 0.2 percent to 41.79 million from 41.72 million.

Compared with a year earlier, unemployment fell by 10.6 percent from 1.88 million people while employment rose 3.3 percent from 40.46 million people.

Youth unemployment rate decreased to 6.5 percent from 6.6 percent in November and 7.2 percent a year earlier.  

Separate data from the Labour Office showed the number of jobless persons fell by 26 thousand in January and the unemployment rate declined to 5.9 percent from 6 percent. 

Germany Unemployment Rate at 36-Year Low

Destatis | Joana Taborda |
1/31/2017 9:09:44 AM