The seasonally adjusted unemployment rate in Germany inched down to 3.7 percent in May 2021 from a revised 3.8 percent in the previous month. It was the lowest jobless rate since April 2020, as the number of unemployed declined 1.1 percent to 1.60 million while employment edged up 0.1 percent to 41.37 million. Still, the number of persons in employment in May was down by 1.0 percent, or 1.78 million in May 2020. The youth unemployment rate, measuring job-seekers under 25 years old, decreased to 7.5 percent from 7.7 percent. source: Federal Statistical Office
Unemployment Rate in Germany averaged 5.51 percent from 1949 until 2021, 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. 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 - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.
Unemployment Rate in Germany is expected to be 5.90 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 4.00 in 12 months time. In the long-term, the Germany Unemployment Rate is projected to trend around 3.60 percent in 2022 and 3.40 percent in 2023, according to our econometric models.