German Jobless Rate Unchanged at 37-Year Low


Germany's seasonally adjusted harmonised unemployment rate stood at 3.6 percent in January 2018, the lowest level since October 1980.

Compared with the previous month, the number of unemployed persons declined by 0.6 percent to 1.55 million from 1.56 million, while employment was almost unchanged at 41.88 million.

Compared with January 2017, unemployment dropped by 7.7 percent from 1.68 million people and employment rose by 1.5 percent from 41.27 million.

Youth unemployment rate eased to 6.6 percent in January from 6.7 percent in the previous month. 

Separate data from the Labour Office showed the number of unemployed persons fell by 22 thousand to 2.393 million in February 2018. The adjusted unemployment rate was unchanged at 5.4 percent in February, the lowest level since German reunification in 1990.

German Jobless Rate Unchanged at 37-Year Low


Destatis l Rida Husna | rida@tradingeconomics.com
2/28/2018 9:02:39 AM