Labor Force Participation Rate in Germany increased to 62 percent in the third quarter of 2019 from 61.60 percent in the second quarter of 2019.

Labor Force Participation Rate in Germany averaged 59.76 percent from 1998 until 2019, reaching an all time high of 62 percent in the third quarter of 2019 and a record low of 56.90 percent in the second quarter of 2004. This page provides - Germany Labor Force Participation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Germany Labor Force Participation Rate - values, historical data and charts - was last updated on April of 2020. source: Eurostat

Labor Force Participation Rate in Germany is expected to be 63.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in Germany to stand at 63.60 in 12 months time. In the long-term, the Germany Labor Force Participation Rate is projected to trend around 63.60 percent in 2021 and 64.00 percent in 2022, according to our econometric models.

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Germany Labor Force Participation Rate

Actual Previous Highest Lowest Dates Unit Frequency
62.00 61.60 62.00 56.90 1998 - 2019 percent Quarterly
NSA

Germany Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.20 3.20 11.50 0.40 percent [+]
Employed Persons 45244.00 45228.00 45244.00 37643.00 Thousand [+]
Unemployed Persons 2335.37 2395.60 5288.25 84.97 Thousand [+]
Unemployment Change 1.00 -8.00 264.00 -96.00 Thousand [+]
Long Term Unemployment Rate 1.20 1.20 6.30 1.20 percent [+]
Youth Unemployment Rate 5.30 5.40 15.90 5.30 percent [+]
Labour Costs 109.67 108.96 116.69 78.67 points [+]
Productivity 98.90 95.10 105.70 17.00 points [+]
Job Vacancies 691.14 689.59 891.70 57.80 Thousand [+]
Wages 4012.00 3997.00 4012.00 1832.00 EUR/Month [+]
Wage Growth 0.70 1.90 6.00 -2.70 percent [+]
Wages in Manufacturing 101.60 101.00 165.00 7.70 points [+]
Minimum Wages 9.35 9.19 9.35 8.50 EUR/Hour [+]
Population 83.20 82.85 83.20 72.54 Million [+]
Retirement Age Women 65.67 65.58 65.67 65.00 [+]
Retirement Age Men 65.67 65.58 65.67 65.00 [+]
Labor Force Participation Rate 62.00 61.60 62.00 56.90 percent [+]
Living Wage Family 1990.00 1960.00 1990.00 1770.00 EUR/Month [+]
Living Wage Individual 1240.00 1210.00 1240.00 1060.00 EUR/Month [+]
Part Time Employment 11230.10 11227.10 11230.10 6330.60 Thousand [+]
Wages Low Skilled 2050.00 2100.00 2100.00 1950.00 EUR/Month [+]
Wages High Skilled 3550.00 3550.00 3550.00 3400.00 EUR/Month [+]
Employment Change 0.20 0.10 0.90 -0.90 percent [+]
Employment Rate 77.00 76.50 77.00 63.60 percent [+]
Full Time Employment 29916.60 29449.20 30031.60 26748.40 Thousand [+]