The seasonally-adjusted unemployment rate in Germany increased to 6.1% in October 2024, the highest since February 2021, compared to 6% in the previous four months, and in line with expectations. The number of unemployed individuals rose by 27K to 2.856 million, the highest level since September 2020, and more than forecasts of a 15K rise. "The autumn upturn in the labour market has largely failed to materialise this year", labour office head Andrea Nahles said. source: Bundesagentur für Arbeit

Unemployment Rate in Germany increased to 6.10 percent in October from 6 percent in September of 2024. Unemployment Rate in Germany averaged 6.02 percent from 1950 until 2024, 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 November of 2024.

Unemployment Rate in Germany increased to 6.10 percent in October from 6 percent in September of 2024. Unemployment Rate in Germany is expected to be 6.10 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 6.30 percent in 2025 and 6.50 percent in 2026, according to our econometric models.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-09-27 07:55 AM
Unemployment Rate
Sep 6% 6% 6% 6.0%
2024-10-30 08:55 AM
Unemployment Rate
Oct 6.1% 6% 6.1% 6%
2024-11-29 08:55 AM
Unemployment Rate
Nov 6.1%


Related Last Previous Unit Reference
Employed Persons 45882.00 45900.00 Thousand Sep 2024
Job Vacancies 688.74 696.01 Thousand Oct 2024
Job Vacancy Rate 3.10 3.50 percent Jun 2024
Minimum Wages 12.41 12.00 EUR/Hour Jan 2024
Population 84.70 84.40 Million Dec 2023
Unemployed Persons 2856.00 2823.00 Thousand Oct 2024
Unemployment Change 27.00 17.00 Thousand Oct 2024
Unemployment Rate 6.10 6.00 percent Oct 2024
Real Wage Growth 3.10 3.80 percent Jun 2024
Wages 4479.00 4244.00 EUR/Month Dec 2023
Youth Unemployment Rate 6.80 6.90 percent Aug 2024

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
6.10 6.00 12.10 0.40 1950 - 2024 percent Monthly
SA


News Stream
Germany Unemployment Rate Edges Up to 2021-Highs of 6.1%
The seasonally-adjusted unemployment rate in Germany increased to 6.1% in October 2024, the highest since February 2021, compared to 6% in the previous four months, and in line with expectations. The number of unemployed individuals rose by 27K to 2.856 million, the highest level since September 2020, and more than forecasts of a 15K rise. "The autumn upturn in the labour market has largely failed to materialise this year", labour office head Andrea Nahles said.
2024-10-30
German Jobless Rate Unchanged at 6%
Germany's seasonally adjusted jobless rate remained at an over 3-year high of 6.0% in September 2024, unchanged from the previous month and in line with market expectations. The number of unemployed individuals rose by 17,000 to 2.823 million, more than the anticipated increase of 12,000. There were 696,000 job openings in September, 65,000 fewer than a year ago.
2024-09-27
Germany Jobless Rate Steady at 6%, Highest since May 2021
Germany's seasonally adjusted jobless rate remained at an over 3-year high of 6.0% in August 2024, unchanged from the previous month and in line with market expectations. The number of unemployed individuals rose by 2,000 to 2.801 million, significantly lower than the anticipated increase of 16,000. There were 699,000 job vacancies in August, down by 72,000 from a year ago, indicating weakening labour demand. On an unadjusted basis, unemployment rose by 63,000 to 2.872 million, the highest level in three-and-a-half years. "The labour market continues to feel the effects of economic stagnation," said Andrea Nahles, chairwoman of the Federal Labour Office, noting that unemployment had increased over the summer.
2024-08-30