Germany's 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. Unemployment Change in Germany averaged -1.50 Thousand from 1992 until 2019, reaching an all time high of 264 Thousand in January of 2005 and a record low of -96 Thousand in May of 2006.
Unemployment Change in Germany is expected to be 15.00 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Change in Germany to stand at 9.00 in 12 months time. In the long-term, the Germany Unemployment Change is projected to trend around 19.00 Thousand in 2020, according to our econometric models.