Germany's seasonally adjusted number of unemployed fell by 7 thousand from a month earlier to 2.231 million in March 2019, following a revised 20 thousand drop in February and compared to market consensus of a 10 thousand decline. The unemployment rate fell to 4.9 percent in March, the lowest since German reunification in 1990. Unemployment Change in Germany averaged -1.66 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.
Unemployment Change in Germany is expected to be -11.00 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 10.00 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.