Germany's seasonally adjusted harmonised unemployment rate edged down to 3.3 percent in October 2018 from 3.4 percent in the previous month. It was the lowest jobless rate since June 1980, as the number of unemployed fell further while employment was little-changed. Unemployment Rate in Germany averaged 5.58 percent from 1949 until 2018, 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 3.40 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 3.70 in 12 months time. In the long-term, the Germany Unemployment Rate is projected to trend around 4.00 percent in 2020, according to our econometric models.

Germany Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-30 06:00 AM Unemployment Rate Harmonised 3.4% 3.4% 3.4%
2018-09-28 06:00 AM Unemployment Rate Harmonised 3.4% 3.4% 3.4%
2018-10-30 07:00 AM Unemployment Rate Harmonised 3.4% 3.4% 3.4%
2018-11-29 07:00 AM Unemployment Rate Harmonised 3.3% 3.4% 3.4%
2019-01-04 07:00 AM Unemployment Rate Harmonised
2019-01-04 08:55 AM Unemployment Rate 3.4%
2019-01-31 07:00 AM Unemployment Rate Harmonised 3.4%



German Jobless Rate Falls to Over 38-Year Low



Germany's seasonally adjusted harmonised unemployment rate edged down to 3.3 percent in October 2018 from 3.4 percent in the previous month. It was the lowest jobless rate since June 1980, as the number of unemployed fell further while employment was little-changed.

The number of unemployed people fell by 0.7 percent from a month earlier to 1.44 million in October, while employment edged up 0.1 percent to 41.65 million.

Compared with October 2017, unemployment dropped by 8.3 percent from 1.57 million people and the number of employed declined by 0.1 percent from 41.69 million.

Youth unemployment rate, measuring job-seekers under 25 years old, was unchanged at 6.2 percent in October, staying at the lowest figure since April 1992.

Separate data from the Labour Office showed the seasonally adjusted number of unemployed fell by 16 thousand from a month earlier to 2.28 million in November, 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.


Destatis | Rida | rida@tradingeconomics.com
11/29/2018 9:27:02 AM



Germany Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.30 3.40 11.50 0.40 percent [+]
Employed Persons 44852.00 44814.00 44852.00 37643.00 Thousand [+]
Unemployed Persons 2186.11 2203.85 5288.25 84.97 Thousand [+]
Unemployment Change -16.00 -12.00 264.00 -97.00 Thousand [+]
Long Term Unemployment Rate 1.40 1.50 6.30 1.40 percent [+]
Youth Unemployment Rate 6.20 6.30 15.90 5.70 percent [+]
Productivity 101.20 101.30 105.60 17.00 Index Points [+]
Labour Costs 115.29 113.18 115.29 78.63 Index Points [+]
Job Vacancies 807.03 653.62 891.70 57.80 Thousand [+]
Wages 3875.00 3808.00 3875.00 1832.00 EUR/Month [+]
Wages in Manufacturing 114.20 114.20 177.00 7.70 Index Points [+]
Wage Growth 0.50 1.10 2.70 -1.40 percent [+]
Minimum Wages 8.84 8.84 8.84 8.50 EUR/Hour [+]
Population 82.85 82.52 82.85 72.54 Million [+]
Retirement Age Women 65.58 65.50 65.58 65.00 [+]
Retirement Age Men 65.58 65.50 65.58 65.00 [+]
Labor Force Participation Rate 60.90 61.00 61.70 56.90 percent [+]
Living Wage Family 1990.00 1960.00 1990.00 1770.00 EUR/Month [+]
Living Wage Individual 1240.00 1210.00 1240.00 1060.00 EUR/Month [+]
Wages Low Skilled 2050.00 2100.00 2100.00 1950.00 EUR/Month [+]
Wages High Skilled 3550.00 3550.00 3550.00 3400.00 EUR/Month [+]
Part Time Employment 10897.10 10845.70 10992.70 6330.60 Thousand [+]
Employment Change 0.20 0.50 1.00 -0.80 percent [+]
Employment Rate 75.40 75.40 76.00 63.60 percent [+]
Full Time Employment 29382.30 29620.60 30031.60 26748.40 Thousand [+]


Germany Unemployment Rate

In Germany, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. 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 - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
3.30 3.40 11.50 0.40 1949 - 2018 percent Monthly
SA




Country Last Previous
South Africa 27.50 Sep/18
Spain 14.55 Sep/18
Brazil 11.70 Oct/18
Turkey 11.10 Aug/18
Italy 10.60 Oct/18
Argentina 9.60 Jun/18
France 9.10 Sep/18
Euro Area 8.10 Oct/18
Saudi Arabia 6.00 Jun/18
Canada 5.60 Nov/18
Indonesia 5.34 Sep/18
Australia 5.00 Oct/18
Russia 4.70 Oct/18
United Kingdom 4.10 Oct/18
China 3.82 Sep/18
South Korea 3.80 Nov/18
Netherlands 3.70 Oct/18
United States 3.70 Nov/18
India 3.52 Dec/17
Germany 3.30 Oct/18
Mexico 3.20 Oct/18
Switzerland 2.50 Nov/18
Japan 2.40 Oct/18
Singapore 2.10 Sep/18


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