Germany's seasonally adjusted harmonised unemployment stood at 3.1 percent in May 2019, unchanged from a downwardly revised figure in the previous month. The jobless rate remained at its lowest level since March 1980, as the number of unemployed dropped further and employment grew slightly. Unemployment Rate in Germany averaged 5.56 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.
Unemployment Rate in Germany is expected to be 3.20 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 3.00 in 12 months time. In the long-term, the Germany Unemployment Rate is projected to trend around 3.20 percent in 2020, according to our econometric models.