Germany Unemployment Rate Drops to 4.5% in Auguist


German seasonally adjusted harmonised jobless rate decreased to 4.5 percent in August of 2015 from 4.6 percent in July, remaining at the lowest since mid-1981. The number of unemployed persons fell 1 percent to 1.9 million while employment went up 0.1 percent to 39.93 million people.

Compared with July of 2014, unemployment fell 9.1 percent while employment rose 0.3 percent. 

Youth unemployment rate remained steady from the previous month at 7 percent but fell from 7.6 percent a year earlier. 

Separate data from the Labour Office showed the number of unemployed persons rose by 2,000 to 2.795 million in September but the unemployment rate remained steady at a record low of 6.4 percent.

Germany Unemployment Rate Drops to 4.5% in Auguist


Destatis | Joana Taborda | joana.taborda@tradingeconomics.com
9/30/2015 11:41:01 AM