Germany's seasonally adjusted harmonized unemployment rate edged up to 3.9 percent in May 2020 from an upwardly revised 3.8 percent a month earlier. This was the highest jobless rate since March 2017, as the number of unemployed rose by 3 percent from the previous month to 1.73 million while employment fell 0.1 percent to 42.59 million. Youth unemployment rate, measuring job-seekers under 25 years old, was unchanged at 5.4 percent in May.
Unemployment Rate in Germany averaged 5.53 percent from 1949 until 2020, reaching an all time high of 11.50 percent in April of 1950 and a record low of 0.40 percent in March of 1966. This page provides the latest reported value for - Germany Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Germany Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Federal Statistical Office
Unemployment Rate in Germany is expected to be 4.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Germany to stand at 4.00 in 12 months time. In the long-term, the Germany Unemployment Rate is projected to trend around 3.60 percent in 2021 and 3.40 percent in 2022, according to our econometric models.