Germany's seasonally adjusted harmonised unemployment rate was 3.2 percent in December 2019, unchanged from an upwardly revised figure in the previous month. The number of unemployed held steady at 1.39 million while employment rose 0.1 percent to 42.32 million. Compared with the same month last year, unemployment fell by 1.4 percent from 1.41 million, while the number of employed grew 1.1 percent from 41.87 million. Youth unemployment rate, measuring job-seekers under 25 years old, was also stable at 5.8 percent.
Unemployment Rate in Germany averaged 5.54 percent from 1949 until 2019, 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. source: Federal Statistical Office
Unemployment Rate in Germany is expected to be 3.00 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 3.40 in 12 months time. In the long-term, the Germany Unemployment Rate is projected to trend around 3.50 percent in 2021, according to our econometric models.