German Jobless Rate Lowest Since July 1980


Germany's seasonally adjusted harmonised unemployment rate fell to 3.4 percent in March 2018 from 3.5 percent in the previous month. It was the lowest jobless rate since July 1980, as the number of unemployed declined further while employment went up slightly.

Compared with the previous month, the number of unemployed people declined by 0.7 percent to 1.48 million, while employment increased by 0.1 percent to 41.62 million.

Compared with March 2017, unemployment dropped by 10.8 percent from 1.66 million people and employment rose by 0.8 percent from 41.30 million.

Youth unemployment rate fell slightly to 6.1 percent in March from 6.2 percent in the previous month. It was the lowest rate since March1992.

Separate data from the Labour Office showed the number of unemployed fell by 7 thousand from the previous month to 2.370 million in April 2018, compared with market consensus of a 15 thousand drop. The unemployment rate was unchanged at 5.3 percent in April, the lowest level since German reunification in 1990.

German Jobless Rate Lowest Since July 1980


Destatis l Rida Husna | rida@tradingeconomics.com
4/27/2018 8:02:09 AM