German Unemployment Rate Steady At 36-Year Low


German seasonally adjusted harmonised jobless rate came in at 3.9 percent in February 2017, unchanged from the previous month's revised figure and compared to 4.3 percent a year earlier. The unemployment rate remained at its lowest level since December 1980, as the number of unemployed was stable at 1.68 million while the number of employed rose by 0.2 percent to 41.78 million.

Compared with the previous month, the number of unemployed persons was unchanged at 1.68 million in February, while employment rose by 0.2 percent to 41.78 million people.

Compared with February 2016, unemployment dropped 8.7 percent from 1.84 million people while employment rose 2.5 percent from 40.76 million people.

Youth unemployment rate came in at 6.6 percent, its lowest level since July 1992, unchanged from January and compared to 7.2 percent a year earlier.

Separate data from the Labour Office showed the number of unemployed persons fell by 30 thousand to 2.556 million in March 2017. The adjusted unemployment rate fell to 5.8 percent from 5.9 percent in February, reaching the lowest level since German reunification in 1990.

German Unemployment Rate Steady At 36-Year Low


Destatis | Joana Ferreira | joana.ferreira@tradingeconomics.com
3/31/2017 3:10:27 PM