Germany's seasonally adjusted harmonised unemployment stood at 3.3 percent in November 2018, unchanged from the previous month's 38-year low, as the number of unemployed declined further and employment grew slightly. Unemployment Rate in Germany averaged 5.58 percent from 1949 until 2018, reaching an all time high of 11.50 percent in April of 1950 and a record low of 0.40 percent in March of 1966.

Unemployment Rate in Germany is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Germany to stand at 3.80 in 12 months time. In the long-term, the Germany Unemployment Rate is projected to trend around 4.00 percent in 2020, according to our econometric models.

Germany Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-29 07:00 AM Unemployment Rate Harmonised 3.3% 3.4% 3.4%
2018-11-29 08:55 AM Unemployment Rate 5% 5.1% 5.1% 5.1%
2019-01-04 07:00 AM Unemployment Rate Harmonised 3.3% 3.3% 3.3%
2019-01-04 08:55 AM Unemployment Rate 5% 5% 5% 5%
2019-01-31 07:00 AM Unemployment Rate Harmonised 3.3% 3.40%
2019-01-31 08:55 AM Unemployment Rate 5% 5%
2019-03-01 07:00 AM Unemployment Rate Harmonised 3.50%



German Jobless Rate Unchanged at Over 38-Year Low

Germany's seasonally adjusted harmonised unemployment stood at 3.3 percent in November 2018, unchanged from the previous month's 38-year low, as the number of unemployed declined further and employment grew slightly.

The number of unemployed people fell by 0.7 percent from a month earlier to 1.44 million in November, while employment edged up 0.2 percent to 42.06 million.

Compared with November last year, unemployment dropped by 7.7 percent from 1.56 million people and the number of employed rose by 1 percent from 41.66 million.

Youth unemployment rate, measuring job-seekers under 25 years old, was unchanged at 6.1 percent in November, staying at the lowest level since March 1992.

Separate data from the Labour Office showed that the seasonally adjusted number of unemployed fell by 14 thousand from a month earlier to 2.26 million in December, following a 16 thousand drop in November and compared to market consensus of an 11 thousand decline. The unemployment rate stood at 5 percent in December, unchanged from the previous month and the lowest since German reunification in 1990.


Destatis | Rida Husna | rida@tradingeconomics.com
1/4/2019 11:52:48 AM



Germany Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.30 3.30 11.50 0.40 percent [+]
Employed Persons 44845.00 44852.00 44852.00 37643.00 Thousand [+]
Unemployed Persons 2209.55 2186.11 5288.25 84.97 Thousand [+]
Unemployment Change -14.00 -16.00 264.00 -97.00 Thousand [+]
Long Term Unemployment Rate 1.40 1.50 6.30 1.40 percent [+]
Youth Unemployment Rate 6.10 6.10 15.90 5.70 percent [+]
Productivity 100.00 101.70 105.60 17.00 Index Points [+]
Labour Costs 115.29 113.18 115.29 78.63 Index Points [+]
Job Vacancies 781.33 807.03 891.70 57.80 Thousand [+]
Wages 3875.00 3808.00 3875.00 1832.00 EUR/Month [+]
Wages in Manufacturing 114.50 114.20 177.00 7.70 Index Points [+]
Wage Growth 1.50 0.50 2.70 -1.40 percent [+]
Minimum Wages 9.19 8.84 9.19 8.50 EUR/Hour [+]
Population 82.85 82.52 82.85 72.54 Million [+]
Retirement Age Women 65.58 65.50 65.58 65.00 [+]
Retirement Age Men 65.58 65.50 65.58 65.00 [+]
Labor Force Participation Rate 60.90 61.00 61.70 56.90 percent [+]
Living Wage Family 1990.00 1960.00 1990.00 1770.00 EUR/Month [+]
Living Wage Individual 1240.00 1210.00 1240.00 1060.00 EUR/Month [+]
Wages Low Skilled 2050.00 2100.00 2100.00 1950.00 EUR/Month [+]
Wages High Skilled 3550.00 3550.00 3550.00 3400.00 EUR/Month [+]
Part Time Employment 10897.10 10845.70 10992.70 6330.60 Thousand [+]
Employment Change 0.20 0.50 1.00 -0.80 percent [+]
Employment Rate 76.30 75.40 76.30 63.60 percent [+]
Full Time Employment 29382.30 29620.60 30031.60 26748.40 Thousand [+]


Germany Unemployment Rate

In Germany, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides the latest reported value for - Germany Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Germany Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.30 3.30 11.50 0.40 1949 - 2018 percent Monthly
SA




Country Last Previous
South Africa 27.50 Sep/18
Spain 14.55 Sep/18
Brazil 11.60 Nov/18
Turkey 11.60 Oct/18
Italy 10.50 Nov/18
France 9.10 Sep/18
Argentina 9.00 Sep/18
Euro Area 7.90 Nov/18
Saudi Arabia 6.00 Jun/18
Canada 5.60 Dec/18
Indonesia 5.34 Sep/18
Australia 5.10 Nov/18
Russia 4.80 Nov/18
United Kingdom 4.10 Oct/18
United States 3.90 Dec/18
China 3.82 Sep/18
South Korea 3.80 Dec/18
Netherlands 3.60 Dec/18
India 3.52 Dec/17
Germany 3.30 Nov/18
Mexico 3.30 Nov/18
Switzerland 2.70 Dec/18
Japan 2.50 Nov/18
Singapore 2.10 Sep/18


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