German Jobless Rate Steady at 37-Year Low


German seasonally adjusted harmonised unemployment rate stood at 3.6 percent in October 2017, the same as in the prior two months. The jobless rate remained at its lowest level since October 1980.

Compared with the previous month, the number of unemployed persons fell 0.6 percent to 1.55 million from 1.56 million, while employment edged up 0.1 percent to 41.60 million people from 41.56 million.

Compared with October 2016, unemployment dropped 9.9 percent from 1.72 million people while employment rose 0.9 percent from 41.23 million people.

Youth unemployment rate came in at 6.6 percent, unchanged from the previous month and compared with 6.9 percent a year earlier. 

Separate data from the Labour Office showed the number of unemployed persons fell by 18 thousand to 2.476 million in November 2017. The adjusted unemployment rate stood at 5.6 percent, the lowest level since German reunification in 1990.

German Jobless Rate Steady at 37-Year Low


Destatis l Rida Husna | rida@tradingeconomics.com
11/30/2017 9:07:50 AM