Germany's seasonally adjusted harmonised unemployment inched lower to 3.2 percent in January 2019 from 3.3 percent in the previous month. It was the lowest jobless rate since April 1980, as the number of unemployed fell further while employment rose. Unemployment Rate in Germany averaged 5.57 percent from 1949 until 2019, 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 3.20 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 3.60 in 12 months time. In the long-term, the Germany Unemployment Rate is projected to trend around 4.50 percent in 2020, according to our econometric models.

Germany Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-01-04 08:55 AM Unemployment Rate 5% 5% 5% 5%
2019-01-31 07:00 AM Unemployment Rate Harmonised 3.3% 3.3% 3.3%
2019-01-31 08:55 AM Unemployment Rate 5% 5% 5% 5%
2019-03-01 07:00 AM Unemployment Rate Harmonised 3.2% 3.3% 3.3%
2019-03-29 07:00 AM Unemployment Rate Harmonised 3.2% 3.2%
2019-04-30 06:00 AM Unemployment Rate Harmonised 3.2%
2019-05-29 06:00 AM Unemployment Rate Harmonised 3.3%



German Jobless Rate Falls to Near 39-Year Low

Germany's seasonally adjusted harmonised unemployment inched lower to 3.2 percent in January 2019 from 3.3 percent in the previous month. It was 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 from a month earlier to 1.41 million in January from 1.42 million in December, while employment increased 0.2 percent to 42.21 million from 42.13 million.

Compared with January 2018, unemployment dropped 7.8 percent from 1.53 million people and the number of employed rose 1.4 percent from 41.63 million.

Youth unemployment rate, measuring job-seekers under 25 years old, stood at 6 percent in January, unchanged from the previous month's 27-year low.

Separate data from the Labour Office showed that the seasonally adjusted number of unemployed fell by 21 thousand from a month earlier to 2.236 million in February, following a revised 4 thousand drop in January and compared to market consensus of a 5 thousand decline. The unemployment rate stood at 5 percent, unchanged from the previous month and the lowest since German reunification in 1990.


Destatis | Rida Husna | rida@tradingeconomics.com
3/1/2019 10:33:40 AM



Germany Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.20 3.30 11.50 0.40 percent [+]
Employed Persons 45007.00 44914.00 45007.00 37643.00 Thousand [+]
Unemployed Persons 2372.70 2405.59 5288.25 84.97 Thousand [+]
Unemployment Change -21.00 -4.00 264.00 -96.00 Thousand [+]
Long Term Unemployment Rate 1.40 1.40 6.30 1.40 percent [+]
Youth Unemployment Rate 6.00 6.00 15.90 5.70 percent [+]
Productivity 99.50 97.60 106.00 17.00 Index Points [+]
Labour Costs 115.62 115.29 115.62 78.67 Index Points [+]
Job Vacancies 783.96 757.71 891.70 57.80 Thousand [+]
Wages 3899.00 3875.00 3899.00 1832.00 EUR/Month [+]
Wages in Manufacturing 114.90 186.40 186.40 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 61.50 60.90 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 10920.00 10897.10 10992.70 6330.60 Thousand [+]
Employment Change 0.30 0.20 1.00 -0.80 percent [+]
Employment Rate 76.30 75.40 76.30 63.60 percent [+]
Full Time Employment 29971.90 29382.30 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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.20 3.30 11.50 0.40 1949 - 2019 percent Monthly
SA




Country Last Previous
South Africa 27.10 Dec/18
Spain 14.45 Dec/18
Turkey 13.50 Dec/18
Brazil 12.00 Jan/19
Italy 10.50 Jan/19
Argentina 9.00 Sep/18
France 8.80 Dec/18
Euro Area 7.80 Jan/19
India 6.10 Dec/18
Saudi Arabia 6.00 Sep/18
Canada 5.80 Feb/19
Indonesia 5.34 Sep/18
Australia 5.00 Jan/19
Russia 4.90 Jan/19
United Kingdom 3.90 Jan/19
China 3.80 Dec/18
United States 3.80 Feb/19
South Korea 3.70 Feb/19
Mexico 3.60 Jan/19
Netherlands 3.60 Jan/19
Germany 3.20 Jan/19
Switzerland 2.70 Feb/19
Japan 2.50 Jan/19
Singapore 2.20 Dec/18


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