Germany Unemployment Rate Steady At 35-Year Low of 4.1%


German seasonally adjusted harmonised jobless rate was unchanged at 4.1 percent in November of 2016, remaining at the lowest since February of 1981. The number of unemployed fell 0.6 percent and employment rose 0.2 percent.

Compared with the previous month, the number of unemployed persons declined by 0.6 percent to 1.76 million from 1.77 million and employment edged up 0.2 percent to 41.65 million from 41.57 million.

Compared with a year earlier, unemployment fell by 6.4 percent from 1.88 million people while employment rose 3.3 percent from 40.33 million people.

Youth unemployment rate decreased to 6.7 percent from 6.8 percent in October and 7.1 percent a year earlier.  

Separate data from the Labour Office showed the number of jobless persons fell by 17 thousand in December and the unemployment rate was steady at 6 percent. 

Germany Unemployment Rate Steady At 35-Year Low of 4.1%


Destatis | Joana Taborda | joana.taborda@tradingeconomics.com
1/3/2017 9:04:35 AM