The seasonally adjusted unemployment rate in Germany stood at 4.6 percent in January 2021, unchanged from the previous month's five-and-a-half-year high, as the number of unemployed edged up 0.1 percent to 2.02 million and employment advanced by the same margin to 42.18 million. Still, the number of persons in employment in January 2021 was down by 1.6 percent, or 726,000, on February 2020, the month before restrictions were imposed due to the coronavirus pandemic in Germany. Youth unemployment rate, measuring job-seekers under 25 years old, edged down to 6.2 percent from 6.3 percent. source: Federal Statistical Office
Unemployment Rate in Germany averaged 5.52 percent from 1949 until 2021, 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. 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 March of 2021.
Unemployment Rate in Germany is expected to be 5.40 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 4.20 in 12 months time. In the long-term, the Germany Unemployment Rate is projected to trend around 3.40 percent in 2022, according to our econometric models.