German Jobless Rate at 4.5% for 4th Straight Month


German seasonally adjusted harmonised jobless rate was recorded at 4.5 percent in December 2015, unchanged from the November rate and remaining at its lowest level since 1981. The number of unemployed was steady while persons in employment rose slightly. A year ago the unemployment rate was recorded at 4.9 percent.

Compared to the previous month, the number of unemployed persons was recorded at 1.91 million, the same as in November, while employment went up by only 0.1 percent to 40.24 million people from 40.19 million in the previous month.

Compared with December of 2014, unemployment dropped 6.4 percent from 2.04 million people while employment rose 0.8 percent from 39.92 million people. 

Youth unemployment rate was recorded at 7 percent, the same as in the previous month and down from 7.3 percent a year earlier.

Separate data from the Labour Office showed the number of unemployed persons fell by a higher-than-expected 20,000 to 2.732 million in January of 2016. The unemployment rate fell to a fresh record low of 6.2 percent.

German Jobless Rate at 4.5% for 4th Straight Month


Destatis | Joana Ferreira | joana.ferreira@tradingeconomics.com
2/2/2016 9:55:35 AM