German Unemployment Rate Flat At 36-Year Low


German seasonally adjusted harmonised jobless rate came in at 3.9 percent in March 2017, unchanged from the previous month's reading and below 4.3 percent a year earlier. The unemployment rate remained at its lowest level since December 1980.

Compared with the previous month, the number of unemployed persons was unchanged at 1.68 million in March, while employment edged up 0.1 percent to 41.69 million people.

Compared with March 2016, unemployment dropped 7.7 percent from 1.82 million people while employment rose 2 percent from 40.89 million people.

Youth unemployment rate fell to 6.7 percent from 6.8 in February and 7.2 percent a year earlier.

Separate data from the Labour Office showed the number of unemployed persons fell by 15 thousand to 2.543 million in April 2017. The adjusted unemployment rate stood at 5.8 percent, the lowest level since German reunification in 1990.

German Unemployment Rate Flat At 36-Year Low


Destatis | Joana Ferreira | joana.ferreira@tradingeconomics.com
5/3/2017 8:08:29 AM