The seasonally adjusted number of unemployed people in Germany increased by 8 thousand to 2.279 million in December of 2019. It follows a downwardly revised 14 thousand drop in November and compares with market expectations of a 2 thousand rise. It is the highest increase in unemployment in seven months. The jobless rate was unchanged at 5 percent, remaining close to the lowest since German reunification in 1990. Unemployment Change in Germany averaged -1.47 Thousand from 1992 until 2019, reaching an all time high of 264 Thousand in January of 2005 and a record low of -96 Thousand in May of 2006. source: Bundesagentur für Arbeit
Unemployment Change in Germany is expected to be 9.00 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Change in Germany to stand at 15.00 in 12 months time. In the long-term, the Germany Unemployment Change is projected to trend around 19.00 Thousand in 2020, according to our econometric models.