German Jobless Rate Flat At Near 36-Year Low


German seasonally adjusted harmonised jobless rate came in at 3.9 percent in April 2017, unchanged from the previous month's reading and below 4.2 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 1.69 million in April, while employment was steady at 41.55 million people.

Compared with April 2016, unemployment dropped 6.6 percent from 1.81 million people while employment rose 1.4 percent from 40.99 million people.

Youth unemployment rate came in at 6.8 percent, the same as in March and down from 7.1 percent a year earlier.

Separate data from the Labour Office showed the number of unemployed persons fell by 9 thousand to 2.536 million in May 2017. The adjusted unemployment rate fell to 5.7 percent, the lowest level since German reunification in 1990.

Destatis | Joana Ferreira | joana.ferreira@tradingeconomics.com
5/31/2017 8:08:13 AM