Germany Unemployment Change - Forecast

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.


Forecast Data Chart
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Germany Labour Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 3.4 3.4 3.5 3.6 3.7 4
Employed Persons 44783 44800 44850 44900 45090 45900
Unemployed Persons 2256 2490 2520 2550 2600 2710
Unemployment Change -23 7 11 15 9 15
Long Term Unemployment Rate 1.5 1.6 1.7 1.8 1.9 2.3
Youth Unemployment Rate 6.2 6 6.1 6.2 6.3 6.9
Productivity 103 104 105 105 106 109
Labour Costs 113 114 114 115 116 120
Job Vacancies 660 670 691 685 668 640
Wages 3875 3940 3980 4000 4010 4110
Wages in Manufacturing 167 114 115 115 116 120
Wage Growth 0.5 1.4 1.5 1.5 1.6 1.8
Minimum Wages 8.84 8.84 9.5 9.5 9.5 9.5
Population 82.85 82.85 83.14 83.14 83.14 83.45
Retirement Age Women 65.58 65.58 65.67 65.67 65.67 65.75
Retirement Age Men 65.58 65.58 65.67 65.67 65.67 65.75
Labor Force Participation Rate 61 62 62.4 62.6 62.8 64
Living Wage Family 1990 2000 2150 2150 2150 2200
Living Wage Individual 1240 1300 1360 1360 1360 1450
Wages Low Skilled 2050 2140 2200 2200 2200 2280
Wages High Skilled 3550 3650 3700 3700 3700 3750
Part Time Employment 10846 11800 12000 12100 12250 13500
Employment Change 0.2 0.4 0.5 0.5 0.4 0.3
Employment Rate 75.4 75.9 76 75.9 75.7 75.4
Full Time Employment 29621 31200 31400 31500 31600 32500