The seasonally adjusted unemployment rate in Germany increased to a seven-month high of 5.3% in June of 2022 after staying at pre-pandemic levels of 5% for a third consecutive month in May. The increase was prompted by Ukrainian refugees registering with the labour office in search of work. Still, "the labor market as a whole continues to be stable,” Federal Labor Agency chief Detlef Scheele said. source: Bundesagentur für Arbeit
Unemployment Rate in Germany averaged 6.03 percent from 1950 until 2022, reaching an all time high of 12.10 percent in March of 2005 and a record low of 0.40 percent in March of 1966. This page provides the latest reported value for - Germany Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Germany Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.
Unemployment Rate in Germany is expected to be 5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Germany Unemployment Rate is projected to trend around 4.90 percent in 2023 and 4.70 percent in 2024, according to our econometric models.