Germany's seasonally adjusted harmonised unemployment rate edged lower to 3 percent in July 2019 from 3.1 percent in the previous month. This was the lowest jobless rate since February 1980, as the number of unemployed fell further while employment showed no growth. Unemployment Rate in Germany averaged 5.55 percent from 1949 until 2019, reaching an all time high of 11.50 percent in April of 1950 and a record low of 0.40 percent in March of 1966.
Unemployment Rate in Germany is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Germany to stand at 2.90 in 12 months time. In the long-term, the Germany Unemployment Rate is projected to trend around 3.20 percent in 2020, according to our econometric models.