German Jobless Rate Unchanged at 37-Year Low


Germany's seasonally adjusted harmonised unemployment rate stood at 3.5 percent in February 2018, the same as a downwardly revised figure in the previous month. It remained the lowest jobless rate since September 1980.

Compared with the previous month, the number of unemployed people declined by 0.7 percent to 1.51 million from 1.52 million, while employment was almost unchanged at 41.61 million.

Compared with February 2017, unemployment dropped by 10.1 percent from 1.68 million people and employment rose by 0.8 percent from 41.29 million.

Youth unemployment rate fell to 6.2 percent in February from 6.3 percent in the previous month. It was the lowest rate since April 1992.

Separate data from the Labour Office showed the number of unemployed fell by 19 thousand from the previous month to 2.373 million in March 2018. The adjusted unemployment rate fell to 5.3 percent from 5.4 percent in February, hitting the lowest level since German reunification in 1990.

 German Jobless Rate Unchanged at 37-Year Low


Destatis l Rida Husna | rida@tradingeconomics.com
3/29/2018 8:00:54 AM