The seasonally adjusted unemployment rate in Germany edged up to 4.6 percent in December of 2020 from 4.5 percent in November, the highest level since August of 2015. The number of unemployed was little changed at 2.01 million and employment edged up to 42.17 million. The jobless rate for women was unchanged at 4.6 percent and for men at 4.5 percent. Youth unemployment rate edged down to 6.1 percent from 6.3 percent. Employment decreased by 1.6 percent, or 743,000, on February 2020, the month before restrictions were imposed due to the coronavirus pandemic. 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 February of 2021.
Unemployment Rate in Germany is expected to be 5.40 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 4.20 in 12 months time. In the long-term, the Germany Unemployment Rate is projected to trend around 3.40 percent in 2022, according to our econometric models.