The seasonally adjusted number of unemployed people in Germany fell by 4K to 2.285 million in May of 2022, compared to market forecasts of a 16K drop and following a decline of 13K in the previous month. Unemployment has been falling consistently since March last year, with trade and services benefitting from the end of pandemic restrictions in both April and May this year. Meanwhile, the jobless rate remained steady at 5%, the lowest since March 2020. source: Bundesagentur für Arbeit
Unemployment Change in Germany averaged -1.36 Thousand from 1992 until 2022, reaching an all time high of 354 Thousand in April of 2020 and a record low of -96 Thousand in May of 2006. This page provides the latest reported value for - Germany Unemployment Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Germany Unemployment Change - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.
Unemployment Change in Germany is expected to be -5.00 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Germany Unemployment Change is projected to trend around -16.00 Thousand in 2023 and -10.00 Thousand in 2024, according to our econometric models.