Germany Unemployment Rate Unchanged at 5.4% in February


In February 2013, a total of 41.4 million persons resident in Germany were in employment according to provisional calculations of the Federal Statistical Office. Compared with February 2012, this was an increase of 284,000 persons in employment or 0.7 percent.

The number of unemployed was a good 2.5 million persons in February 2013, which was an increase of about 50,000 on a year earlier. The adjusted unemployment rate was 5.4 percent in February 2013.

According to provisional results of employment accounts, the number of persons in employment in February 2013 was slightly up by 20,000 on January 2013. After seasonal adjustment, that is, after the elimination of the usual seasonal fluctuations, the relevant number increased by 41,000 in February 2013 (+0.1 percent) compared with the previous month.
 
According to results of the labour force survey, the number of unemployed was 2.54 million in February 2013. Compared with February 2012, it increased by 47,000 persons or 2.0 percent. Compared with January 2013, the number of unemployed rose by 49,000 or 2.0 percent. When adjusted for seasonal and irregular effects, the number of unemployed declined by 3,000 to 2.30 million (0.0 percent) on the previous month. 

Destatis | Nuno Fontes | nuno@tradingeconomics.com
3/28/2013 9:15:22 AM