Germany's seasonally adjusted jobless rate rose to 6% in June 2024, the highest since May 2021 and above market forecasts of 5.9%. The number of unemployed individuals increased by 19 thousand to 2.781 million in June, marking a 18th consecutive period of rising unemployment, and higher than forecasts of 15 thousand, indicative of the weak economic development in Germany. source: Bundesagentur für Arbeit

Unemployment Rate in Germany increased to 6 percent in June from 5.90 percent in May of 2024. Unemployment Rate in Germany averaged 6.02 percent from 1950 until 2024, 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 2024.

Unemployment Rate in Germany increased to 6 percent in June from 5.90 percent in May of 2024. Unemployment Rate in Germany is expected to be 5.90 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 6.30 percent in 2025 and 6.50 percent in 2026, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-06-04 07:55 AM
Unemployment Rate
May 5.9% 5.9% 5.9% 5.9%
2024-06-28 07:55 AM
Unemployment Rate
Jun 6% 5.9% 5.9% 5.9%
2024-07-31 07:55 AM
Unemployment Rate
Jul 6% 6.0% 6.0%


Related Last Previous Unit Reference
Employed Persons 45914.00 45894.00 Thousand May 2024
Job Vacancies 700.75 701.87 Thousand Jun 2024
Job Vacancy Rate 3.50 3.90 percent Mar 2024
Minimum Wages 12.41 12.00 EUR/Hour Jan 2024
Population 84.70 84.40 Million Dec 2023
Unemployed Persons 2781.00 2762.00 Thousand Jun 2024
Unemployment Change 19.00 25.00 Thousand Jun 2024
Unemployment Rate 6.00 5.90 percent Jun 2024
Real Wage Growth 3.80 1.80 percent Mar 2024
Wages 4100.00 3975.00 EUR/Month Dec 2021
Youth Unemployment Rate 6.00 5.80 percent May 2024

Germany Unemployment Rate
In Germany, the unemployment rate measures the registered unemployed as a percentage of the civilian labor force. The registered Unemployed as defined in the statistics collected by the Federal Employment Office and based on the register of persons out of work are all those persons who have reached the age of 15 but not yet the age of 65 who have no job or only a part-time job (at present less than 15 hours a week) and are looking for a job subject to compulsory insurance with a working time of no less than 15 hours a week. They must have registered at the appropriate job center and must not be certified as unfit for work.
Actual Previous Highest Lowest Dates Unit Frequency
6.00 5.90 12.10 0.40 1950 - 2024 percent Monthly
SA


News Stream
German Jobless Rate Edges Up to 3-Year High
Germany's seasonally adjusted jobless rate rose to 6% in June 2024, the highest since May 2021 and above market forecasts of 5.9%. The number of unemployed individuals increased by 19 thousand to 2.781 million in June, marking a 18th consecutive period of rising unemployment, and higher than forecasts of 15 thousand, indicative of the weak economic development in Germany.
2024-06-28
Germany Unemployment Rate Remains at 3-Year High
Germany's seasonally adjusted jobless rate held at 5.9% for the sixth consecutive month in May 2024, close to three-year highs, and matching market forecasts. The number of unemployed individuals increased by 25 thousand to 2.762 million in May, marking a 17th consecutive period of rising unemployment, and much higher than forecasts of 10 thousand, indicative of the weak economic development in Germany.
2024-06-04
German Jobless Rate Stable at 2021-Highs of 5.9%
Germany's seasonally adjusted jobless rate held steady for the fifth consecutive month in April 2024 at 5.9%, its highest level since May 2021, matching market forecasts. The number of unemployed individuals increased by 13 thousand to 2.732 million in April, marking a 16th consecutive period of rising unemployment, indicative of the weak economic development in Germany. Regional differences become even more evident at the district and municipal levels. The highest rates were registered in Bremerhaven and Gelsenkirchen, both at 14.8%, while the lowest unemployment rate was in Bad Tölz-Wolfratshausen, at 2.2%.
2024-04-30