Germany's seasonally adjusted number of unemployed fell by 2 thousand from a month earlier to 2.26 million in January 2019, following a revised 12 thousand drop in December and compared to market consensus of an 11 thousand decline. The unemployment rate stood at 5 percent in January, unchanged from the previous month and the lowest since German reunification in 1990. Unemployment Change in Germany averaged -1.57 Thousand from 1992 until 2019, reaching an all time high of 264 Thousand in January of 2005 and a record low of -96 Thousand in May of 2006.
Unemployment Change in Germany is expected to be 11.00 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Change in Germany to stand at 10.00 in 12 months time. In the long-term, the Germany Unemployment Change is projected to trend around 15.00 Thousand in 2020, according to our econometric models.