Germany Unemployment Rate at 35-Year Low of 4.1%

German seasonally adjusted harmonised jobless rate was recorded at 4.1 percent in October of 2016, down from an upwardly revised 4.2 percent in September and the lowest since since February of 1981. The number of unemployed fell 1.1 percent and employment rose 0.2 percent.

Compared with the previous month, the number of unemployed persons declined by 1.1 percent to 1.78 million from 1.8 million and employment edged up 0.2 percent to 41.47 million from 41.38 million.

Compared with a year earlier, unemployment fell by 5.3 percent from 1.88 million people while employment rose 3.1 percent from 40.22 million people.

Youth unemployment rate was steady at 6.9 percent, the same as in the previous month and the lowest level in 24 years. A year earlier, unemployment among those aged under 25 years was higher at 7.2 percent.  

Separate data from the Labour Office showed the number of jobless persons fell by 5 thousand in November and the unemployment rate was steady at 6 percent.

Germany Unemployment Rate at 35-Year Low of 4.1%

Destatis | Joana Taborda |
11/30/2016 9:07:08 AM