Germany Unemployment Rate

Unemployment Rate in Germany increased to 5.10 percent in February of 2014 from 5 percent in January of 2014. Unemployment Rate in Germany is reported by the Deutsche Bundesbank. Unemployment Rate in Germany averaged 5.98 Percent from 1950 until 2014, reaching an all time high of 14.20 Percent in February of 1950 and a record low of 0.40 Percent in June of 1962. In Germany, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - Germany Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-25

Actual Previous Highest Lowest Forecast Dates Unit Frequency
5.10 5.00 14.20 0.40 4.90 | 2014/03 1950 - 2014 Percent Monthly

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Germany Unemployment Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2014-01-07 08:55 AM Germany
Unemployment Rate
Nov 2013 5.2% 5.2% 5.1%
2014-01-30 08:55 AM Germany
Unemployment Rate
Dec 2013 5.1% 5.1% (R) 5.2%
2014-02-27 08:55 AM Germany
Unemployment Rate
Jan 2014 5.0% 5.1% 5.1%
2014-04-01 08:55 AM Germany
Unemployment Rate
Feb 2014 5.1% 5.0% 5%
2014-04-30 08:55 AM Germany
Unemployment Rate
Mar 2014 5.1% 4.9%
2014-05-28 08:55 AM Germany
Unemployment Rate
Apr 2014 5.1%
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Labour Last Previous Highest Lowest Forecast Unit
Population 81.84 2012-12-31 81.75 82.54 72.67 81.97 2013-12-31 Million [+]
Employed Persons 42003.00 2014-02-15 41958.00 42003.00 37537.00 42031.49 2014-03-31 Thousand [+]
Job Vacancies 447.10 2014-03-15 429.30 891.70 57.80 451.82 2014-04-30 Thousand [+]
Labour Costs 109.67 2013-11-15 109.28 109.67 82.87 109.65 2014-03-31 Index Points [+]
Long Term Unemployment Rate 2.30 2013-09-30 2.40 6.30 2.30 2.36 2013-12-31 percent [+]
Productivity 103.70 2014-02-15 103.60 114.20 17.00 103.08 2014-03-31 Index Points [+]
Retirement Age Men 65.17 2013-01-01 65.09 65.17 65.00 65.18 2013-12-31 [+]
Retirement Age Women 65.17 2013-01-01 65.09 65.17 65.00 65.18 2013-12-31 [+]
Unemployed Persons 3054.70 2014-03-15 3137.90 5288.20 85.00 2944.05 2014-04-30 Thousand [+]
Wages 113.00 2014-01-15 113.00 169.50 12.10 114.89 2014-02-28 Index Points [+]
Wages in Manufacturing 111.60 2014-01-15 113.30 181.00 7.70 112.07 2014-02-28 Index Points [+]
Youth Unemployment Rate 7.70 2014-02-15 7.70 16.50 5.70 7.63 2014-03-31 Percent [+]
Unemployment Rate 5.10 2014-02-28 5.00 14.20 0.40 4.90 2014-03-31 Percent [+]
[+]


German Unemployment Rate Up to 5.1%

In February of 2014, German seasonally adjusted jobless rate rose slightly to 5.1 percent from 5.0 percent in the previous month, figures published by the Federal Statistical Office showed. Youth unemployment rose to 7.7 percent from 7.6 percent in January.

In February 2014, roughly 41.7 million persons resident in Germany were in employment according to provisional calculations of the Federal Statistical Office (Destatis). Compared with February 2013, this was an increase of 315,000 persons or 0.8%. The corresponding growth rate was +0.6% in the months October to December 2013, while it was +0.7% in January 2014. The mild winter was one of the factors contributing to this development. In February 2014, roughly 2.3 million people were unemployed, 198,000 fewer than a year earlier. 

According to provisional results of the employment accounts, the number of persons in employment increased by 29,000, or 0.1%, from January 2014 to February 2014. After seasonal adjustment, that is, after the elimination of the usual seasonal fluctuations, the number of persons in employment increased by 45,000, or 0.1%, in February 2014 compared with the previous month. 

Results of the labour force survey show that there were 2.35 million unemployed in February 2014, representing a decrease of 198,000, or 7.8%, on February 2013. Compared with January 2014, the number of unemployed was down by 47,000, or 1.7%. Adjusted for seasonal and irregular effects, the number of unemployed stood at 2.17 million. The adjusted unemployment rate was 5.1% in February 2014.  

Destatis | Joana Taborda | joana.taborda@tradingeconomics.com
4/1/2014 8:31:20 AM

RECENT RELEASES

Germany’s Unemployment Rate Down to 5% in January
In January of 2014, German seasonally adjusted jobless rate fell to 5 percent from 5.1 percent in the previous month, figures published by the Federal Statistical Office showed. Youth unemployment fell slightly to 7.6 percent from 7.7 percent in December. Published on 2014-02-27

German Unemployment Rate Unchanged at 5.1% in December
In December, Germany's adjusted unemployment rate remained unchanged at 5.1 percent, its lowest level in more than 30 years. Youth unemployment fell slightly by 0.1 percentage points to 7.4 percent. Published on 2014-01-30


Unemployment Rate | Notes
The unemployment rate can be defined as the number of people actively looking for a job divided by the labour force. Changes in unemployment depend mostly on inflows made up of non-employed people starting to look for jobs, of employed people who lose their jobs and look for new ones and of people who stop looking for employment.


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