Unemployment in Germany

Germany Unemployment | Economic News & Forecasts

Germany - Unemployment

The German economy remains entangled in a tale of two narratives: robust domestic fundamentals and a challenging external environment. Domestically, a healthy labor market supported by a strong services sector likely buttressed private consumption in the first quarter of the year. Employment continued to grow steadily through February while the unemployment rate reached a new post-unification low in March. Combined with elevated consumer confidence, this buoyed retail sales growth in both January and February after a contraction in the fourth quarter of last year. On the other hand, the challenging external environment and struggling car industry have affected the manufacturing sector, which entered a downturn in the first quarter. Moreover, trade data for January and February showed that exports fell in both months. Looking at Q2, April’s PMI data suggests the dichotomy continued.

Germany - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate6.9  6.7  6.4  6.1  5.7  

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Germany Unemployment Chart

Germany Unemployment
Note: Unemployment in % of active population.
Source: Federal Labour Agency.

Germany Facts

Bond Yield-0.070.41 %May 13
Exchange Rate1.120.65 %May 13
Stock Market11,877-0.41 %May 13

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