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.

Germany Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-07-31 06:00 AM Unemployment Rate Harmonised Jun 3.1% 3.1% 3.1%
2019-07-31 07:55 AM Unemployment Rate Jul 5% 5% 5% 5%
2019-08-29 06:00 AM Unemployment Rate Harmonised Jul 3% 3.1% 3.1%
2019-08-29 07:55 AM Unemployment Rate Aug 5% 5% 5% 5%
2019-09-30 06:00 AM Unemployment Rate Harmonised Aug 3% 3%
2019-10-30 07:00 AM Unemployment Rate Harmonised Sep 3.1%
2019-11-29 07:00 AM Unemployment Rate Harmonised Oct 3.1%



German Jobless Rate Falls to Over 39-Year Low

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.

The number of unemployed people dropped by 1.5 percent to 1.33 million in July from 1.35 million in June, while employment was virtually unchanged at 42.31 million.

Compared with July 2018, unemployment fell by 9.5 percent from 1.47 million and the number of employed rose by 1.4 percent from 41.74 million.

Youth unemployment rate, measuring job-seekers under 25 years old, was stable at 5.6 percent in July.

Separate data from the Labour Office showed that the seasonally adjusted number of unemployed increased by 4 thousand from a month earlier to 2.289 million in August 2019, in line with market expectations, after rising by 1 thousand in the previous month. The unemployment rate was unchanged at 5.0 percent, remaining close to the lowest since German reunification in 1990.


Destatis | Rida Husna | rida@tradingeconomics.com
8/29/2019 8:13:51 AM



Germany Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.00 3.10 11.50 0.40 percent [+]
Employed Persons 45089.00 45077.00 45131.00 37643.00 Thousand [+]
Unemployed Persons 2319.41 2275.46 5288.25 84.97 Thousand [+]
Unemployment Change 4.00 1.00 264.00 -96.00 Thousand [+]
Long Term Unemployment Rate 1.30 1.30 6.30 1.30 percent [+]
Youth Unemployment Rate 5.60 5.60 15.90 5.60 percent [+]
Productivity 99.10 98.80 105.70 17.00 Index Points [+]
Labour Costs 108.22 116.69 116.69 78.67 Index Points [+]
Job Vacancies 794.92 799.08 891.70 57.80 Thousand [+]
Wages 3932.00 3938.00 3938.00 1832.00 EUR/Month [+]
Wages in Manufacturing 102.70 117.70 186.60 7.70 Index Points [+]
Wage Growth 1.20 1.40 6.00 -2.70 percent [+]
Minimum Wages 9.19 8.84 9.19 8.50 EUR/Hour [+]
Population 82.85 82.52 82.85 72.54 Million [+]
Retirement Age Women 65.67 65.58 65.67 65.00 [+]
Retirement Age Men 65.67 65.58 65.67 65.00 [+]
Labor Force Participation Rate 61.50 61.80 61.80 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 11035.40 10915.80 11035.40 6330.60 Thousand [+]
Employment Change 0.10 0.30 0.90 -0.90 percent [+]
Employment Rate 76.30 76.50 76.50 63.60 percent [+]
Full Time Employment 29781.60 29985.00 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.00 3.10 11.50 0.40 1949 - 2019 percent Monthly
SA




Country Last Previous
South Africa 29.00 Jun/19
Spain 14.02 Jun/19
Turkey 13.00 Jun/19
Brazil 11.80 Jul/19
Argentina 10.10 Mar/19
Italy 9.90 Jul/19
France 8.50 Jun/19
Euro Area 7.50 Jul/19
India 6.00 Dec/18
Canada 5.70 Aug/19
Saudi Arabia 5.60 Jun/19
Australia 5.20 Jul/19
Indonesia 5.01 Mar/19
Russia 4.30 Aug/19
United Kingdom 3.80 Jul/19
Mexico 3.70 Jul/19
United States 3.70 Aug/19
China 3.61 Jun/19
Netherlands 3.40 Jul/19
South Korea 3.10 Aug/19
Germany 3.00 Jul/19
Japan 2.20 Jul/19
Singapore 2.20 Jun/19
Switzerland 2.10 Aug/19


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