Germany's seasonally adjusted number of unemployed fell by 16 thousand from a month earlier to 2.28 million in November 2018, following a revised 12 thousand drop in October and above market consensus of a 10 thousand decline. The unemployment rate fell to 5 percent in November, the lowest since German reunification in 1990. Unemployment Change in Germany averaged -1.56 Thousand from 1992 until 2018, reaching an all time high of 264 Thousand in January of 2005 and a record low of -97 Thousand in May of 2006.
Unemployment Change in Germany is expected to be 7.00 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 9.00 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.