German Jobless Rate Lowest since Early 1980

Germany's seasonally adjusted harmonised unemployment edged down to 3.1 percent in February 2019 from 3.2 percent in the previous month. It was the lowest jobless rate since March 1980, as the number of unemployed declined further while employment increased.

The number of unemployed people fell 1.4 percent to 1.36 million in February from 1.38 million in January, while employment went up 0.2 percent to 41.97 million from 41.90 million.

Compared with February 2018, unemployment dropped 9.9 percent from 1.51 million people and the number of employed rose 0.8 percent from 41.63 million.

Youth unemployment rate, measuring job-seekers under 25 years old, inched lower to 5.6 percent in February from 5.7 percent in January, reaching the lowest figure on record.

Separate data from the Labour Office showed that the seasonally adjusted number of unemployed fell 7 thousand from a month earlier to 2.231 million in March, following a revised 20 thousand drop in February and compared to market consensus of a 10 thousand decline. The unemployment rate fell to 4.9 percent, the lowest since German reunification in 1990.

German Jobless Rate Lowest since Early 1980

Destatis | Rida Husna |
3/29/2019 9:09:26 AM