German Jobless Rate Holds Steady at 39-Year Low

Germany's seasonally adjusted harmonised unemployment stood at 3.2 percent in March 2019, unchanged from an upwardly revised figure in the previous month. It still remained the lowest jobless rate since April 1980, as the number of unemployed fell further while employment rose.

The number of unemployed people fell 0.7 percent to 1.38 million in March from 1.39 million in February, while employment went up 0.2 percent to 42.07 million from 41.99 million.

Compared with March 2018, unemployment dropped 7.4 percent from 1.49 million people and the number of employed rose 1.1 percent from 41.63 million.

Youth unemployment rate, measuring job-seekers under 25 years old, inched lower to an all-time low of 5.6 percent in March from an upwardly revised 5.7 percent in February.

Separate data from the Labour Office showed that the seasonally adjusted number of unemployed fell by 12 thousand from a month earlier to 2.220 million in April, following a 7 thousand drop in March and compared to market consensus of a 5 thousand decline. The unemployment rate was unchanged at 4.9 percent, the lowest since German reunification in 1990.

German Jobless Rate Holds Steady at 39-Year Low

Destatis | Rida Husna |
4/30/2019 8:00:25 AM