Germany's unemployment rate edged down to 5.6 percent in July 2023, which was lower than both the previous month's reading and the market expectations of 5.7 percent. Unemployment levels declined by 4.0 thousand to 2.604 million people, defying market forecasts of a 20.0 thousand increase. However, the latest report highlighted that excluding Ukrainian nationals, there would have been an increase in the number of jobless individuals due to the weak economic environment. Year-on-year, the number of unemployed people was 147,000 higher. In July, there were 772,000 job openings, which is 108,000 fewer than a year ago. Labor office head Andrea Nahles commented, "Companies' demand for labor remained restrained." source: Bundesagentur für Arbeit

Unemployment Rate in Germany averaged 6.02 percent from 1950 until 2023, reaching an all time high of 12.10 percent in March of 2005 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 August of 2023.

Unemployment Rate in Germany is expected to be 5.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Germany Unemployment Rate is projected to trend around 5.40 percent in 2024 and 5.10 percent in 2025, according to our econometric models.

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Germany Unemployment Rate



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-06-30 07:55 AM Jun 5.7% 5.6% 5.6% 5.6%
2023-08-01 07:55 AM Jul 5.6% 5.7% 5.7% 5.7%
2023-08-31 07:55 AM Aug 5.6% 5.7% 5.7%


Related Last Previous Unit Reference
Unemployment Rate 5.60 5.70 percent Jul 2023
Unemployment Change -4.00 30.00 Thousand Jul 2023
Youth Unemployment Rate 6.10 6.10 percent Jun 2023
Wages 4100.00 3975.00 EUR/Month Dec 2021
Wage Growth 0.10 -2.30 percent Jun 2023
Minimum Wages 12.00 12.00 EUR/Hour Jan 2023
Population 84.40 83.24 Million Dec 2022

Germany Unemployment Rate
In Germany, the unemployment rate measures the registered unemployed as a percentage of the civilian labor force. The registered Unemployed as defined in the statistics collected by the Federal Employment Office and based on the register of persons out of work are all those persons who have reached the age of 15 but not yet the age of 65 who have no job or only a part-time job (at present less than 15 hours a week) and are looking for a job subject to compulsory insurance with a working time of no less than 15 hours a week. They must have registered at the appropriate job center and must not be certified as unfit for work.
Actual Previous Highest Lowest Dates Unit Frequency
5.60 5.70 12.10 0.40 1950 - 2023 percent Monthly
SA

News Stream
German Jobless Rate Unexpectedly Falls to 5.6%
Germany's unemployment rate edged down to 5.6 percent in July 2023, which was lower than both the previous month's reading and the market expectations of 5.7 percent. Unemployment levels declined by 4.0 thousand to 2.604 million people, defying market forecasts of a 20.0 thousand increase. However, the latest report highlighted that excluding Ukrainian nationals, there would have been an increase in the number of jobless individuals due to the weak economic environment. Year-on-year, the number of unemployed people was 147,000 higher. In July, there were 772,000 job openings, which is 108,000 fewer than a year ago. Labor office head Andrea Nahles commented, "Companies' demand for labor remained restrained."
2023-08-01
German Jobless Rate Rises to 2-Year High
Germany's unemployment rate edged up to 5.7 percent in June 2023, exceeding both the preliminary estimate and market expectations of 5.6 percent. The rate reached its highest level since June 2021, with unemployment levels rising by 28 thousand to 2.61 million, surpassing market expectations of a 13 thousand increase. Compared to the previous year, the number of unemployed individuals increased by 192 thousand, while job openings decreased by 108 thousand to 769 thousand. Regional variations persisted, with Bremen and Berlin reporting the highest unemployment rates at 10.7 and 9.1 percent, respectively, while Bayern and Baden-Württemberg maintained the lowest rates at 3.4 and 3.9 percent. "The more difficult economic conditions are now also being felt in the labor market," stated labor office head Andrea Nahles. "Unemployment is rising, and employment growth is losing momentum."
2023-06-30
German Unemployment Rate Unchanged in May
The unemployment rate in Germany held steady at 5.6 percent in May 2023, marking one of its highest levels in nearly two years. The number of unemployed individuals increased by 9 thousand to a total of 2.573 million, compared with market expectations of a 15 thousand rise. Compared to the previous year, there was a significant rise of 285 thousand in the number of unemployed individuals. Regional variations persist, with Bremen and Berlin reporting the highest unemployment rates, while Bayern and Baden-Württemberg continue to have the lowest rates. "Despite a weak economy, the labour market is steady overall," said Daniel Terzenbach, head of the regions at the Labour Office.
2023-05-31