German Jobless Rate Unchanged at 4.5%


German seasonally adjusted harmonised jobless rate remained steady at 4.5 percent in November, staying at its lowest level since 1981 for the fourth consecutive month. Unemployment was flat and employment rose marginally.

Compared to the previous month, the number of unemployed persons was unchanged at 1.9 million while employment edged up 0.1 percent to 40.19 million.

Compared with a year earlier, unemployment dropped 7.8 percent and employment increased 0.8 percent.  

Youth unemployment rate was 7 percent in November, down from 7.1 percent in October and 7.3 percent a year earlier. 

Separate data from the Labour Office showed the number of unemployed persons fell by a higher-than-expected 14000 to 2.757 million in December. The unemployment rate remained steady at a record low of 6.3 percent.

German Jobless Rate Unchanged at 4.5%


Destatis | Joana Taborda | joana.taborda@tradingeconomics.com
1/5/2016 9:07:49 AM