Germany's seasonally adjusted harmonized unemployment stood at 4.5 percent in October 2020, the same as in each of the previous two months and remaining at the highest level since December 2015. The number of unemployed people fell by 0.5 percent from the previous month to 1.97 million while employment was almost unchanged at 42.17 million. Youth unemployment rate, measuring job-seekers under 25 years old, inched down 0.1 percentage points to 6.0 percent in October. source: Federal Statistical Office

Unemployment Rate in Germany averaged 5.52 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 December of 2020.

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 3.80 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.

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Germany Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
4.50 4.50 11.50 0.40 1949 - 2020 percent Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-10-29 07:00 AM Unemployment Rate Harmonised Sep 4.5% 4.5% 4.5%
2020-10-29 08:55 AM Unemployment Rate Oct 6.2% 6.3% 6.3% 6.5%
2020-12-01 07:00 AM Unemployment Rate Harmonised Oct 4.5% 4.5% 4.6%
2020-12-01 08:55 AM Unemployment Rate Nov 6.1% 6.2% 6.3% 6.3%
2021-01-05 07:00 AM Unemployment Rate Harmonised Nov 4.5% 4.5%
2021-01-05 08:55 AM Unemployment Rate Dec 6.1% 6.3%
2021-01-29 07:00 AM Unemployment Rate Harmonised Dec 4.6%
2021-01-29 08:55 AM Unemployment Rate Jan 6.2%


News Stream
German Jobless Rate Stays at Near 5-Year High
Germany's seasonally adjusted harmonized unemployment stood at 4.5 percent in October 2020, the same as in each of the previous two months and remaining at the highest level since December 2015. The number of unemployed people fell by 0.5 percent from the previous month to 1.97 million while employment was almost unchanged at 42.17 million. Youth unemployment rate, measuring job-seekers under 25 years old, inched down 0.1 percentage points to 6.0 percent in October.
2020-12-01
German Jobless Rate Highest Since 2015
Germany's seasonally adjusted harmonized unemployment stood at 4.5 percent in September 2020, unchanged from an upwardly revised figure in the previous month and remaining at the highest level since December 2015. The number of unemployed people increased by 0.5 percent from the previous month to 2.0 million while employment was almost unchanged at 42.14 million. Youth unemployment rate, measuring job-seekers under 25 years old, edged down 0.1 percentage points to 6.0 percent in September.
2020-10-29
German Jobless Rate Stays at Near 4-1/2-Year High
Germany's seasonally adjusted harmonized unemployment stood at 4.4 percent in August 2020, unchanged from a month earlier. That was the highest jobless rate since February 2016, as the number of unemployed rose by 0.5 percent from the previous month to 1.96 million while employment was almost unchanged at 42.25 million. Youth unemployment rate, measuring job-seekers under 25 years old, was also flat at 4.3 percent in August.
2020-09-30
German Jobless Rate Highest in Near 4-1/2 Years
Germany's seasonally adjusted harmonized unemployment rate edged up to 4.4 percent in July 2020 from an upwardly revised 4.3 percent a month earlier. This was the highest jobless rate since February 2016, as the number of unemployed rose by 1.6 percent from the previous month to 1.94 million while employment was unchanged at 42.35 million. Youth unemployment rate, measuring job-seekers under 25 years old, was 5.7 percent in July.
2020-09-01

Germany Unemployment Rate
In Germany, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.