The seasonally adjusted number of unemployed people in Germany decreased by 15 thousand to 2.739 million in May of 2021, following a downwardly revised 8 thousand rise in the previous month and compared with market expectations of a 9 thousand drop. The reading pointed to a solid recovery in the job market as the pandemic fades adding to prospects for a consumer-driven recovery over the summer months, despite the impact of the coronavirus crisis was still visible very clearly. The jobless rate was unchanged at 6.0 percent for the fifth consecutive month. The report also showed the number of employees put on shorter working hours in subsidized job protection schemes, also known as Kurzarbeit, fell sharply in May, preliminary figures showed. source: Bundesagentur für Arbeit
Unemployment Change in Germany averaged -0.08 Thousand from 1992 until 2021, reaching an all time high of 363 Thousand in April of 2020 and a record low of -96 Thousand in May of 2006. This page provides the latest reported value for - Germany Unemployment Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Germany Unemployment Change - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.
Unemployment Change in Germany is expected to be 55.00 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 -22.00 in 12 months time. In the long-term, the Germany Unemployment Change is projected to trend around -30.00 Thousand in 2022 and -12.00 Thousand in 2023, according to our econometric models.