Germany Unemployment Rate at Fresh 35-Year Low

German seasonally adjusted harmonised jobless rate was recorded at 4.1 percent in September of 2016, unchanged from a downwardly revised 4.1 percent in August and compared to 4.5 percent a year earlier. The unemployment rate hit a fresh low since February of 1981, as the number of unemployed fell 0.6 percent and employment rose 0.2 percent.

Compared with the previous month, the number of unemployed persons declined to 1.65 million from 1.8 million in August and employment edged up 0.2 percent to 41.81 million from 41.42 million.

Compared with a year earlier, unemployment fell by 6.8 percent from 1.9 million people while employment rose 3 percent from 40.12 million people.

Youth unemployment rate decreased to 6.8 percent from 6.9 percent in the previous month, the lowest level in 24 years. A year earlier, unemployment among those aged under 25 years was higher at 7.1 percent.  

Separate data from the Labour Office showed the number of jobless persons fell by 13 thousand in October, bringing the unemployment rate down to 6 percent.

Germany Unemployment Rate at Fresh 35-Year Low

Destatis | Joana Taborda |
11/2/2016 9:32:37 AM