German Jobless Rate Unchanged at 39-Year Low

Germany's seasonally adjusted harmonised unemployment stood at 3.2 percent in April 2019, unchanged from the previous month's 39-year low, as the number of unemployed declined further and employment increased slightly.

The number of unemployed people fell 0.7 percent to 1.38 million in April from 1.39 million in March, while employment edged up 0.1 percent to 42.15 million from 42.09 million.

Compared with April 2018, unemployed people dropped 6.8 percent from 1.48 millione and the number of employed rose 1.2 percent from 41.64 million.

Youth unemployment rate, measuring job-seekers under 25 years old, came in at 5.3 percent in April, the same as in March and staying at its lowest on record.

Separate data from the Labour Office showed that the seasonally adjusted number of unemployed increased by 60 thousand from a month earlier to 2.279 million in May 2019, following a 12 thousand decline in the previous month and well above market expectations of an 8 thousand fall. It was the first rise in registered unemployment since June 2017 and the largest in a decade. The unemployment rate went up to 5 percent in May from 4.9 percent in April.

German Jobless Rate Unchanged at 39-Year Low

Destatis l Rida Husna |
5/29/2019 2:44:00 PM