German Jobless Rate Drops to 37-Year Low


German seasonally adjusted harmonised unemployment rate fell slightly to 3.6 percent in December 2017 from an upwardly revised 3.7 percent in the previous month. It was the lowest jobless rate since October 1980.

Compared with the previous month, the number of unemployed persons declined by 0.6 percent to 1.58 million from 1.59 million, while employment was almost unchanged at 41.86 million people.

Compared with December 2016, unemployment dropped by 6.0 percent from 1.68 million people while employment rose 1.4 percent from 41.27 million people.

Youth unemployment rate came in at 6.6 percent, the same as in the previous month and compared with 6.8 percent a year earlier. 

Separate data from the Labour Office showed the number of unemployed persons fell by 25 thousand to 2.415 million in January 2018. The adjusted unemployment rate fell to 5.4 percent, the lowest level since German reunification in 1990.

German Jobless Rate Drops to 37-Year Low


Destatis l Rida Husna | rida@tradingeconomics.com
1/31/2018 9:06:10 AM