Unemployment in Germany

Germany Unemployment | Economic News & Forecasts

Germany - Unemployment

A detailed breakdown of Q1 national accounts confirmed the preliminary result of moderate growth, which was mainly driven by fixed investment and inventories. Household spending fell, as higher inflation and deeply pessimistic consumer sentiment more than offset the positive effect of the economic reopening. While the economy is expected to hold up relatively well in Q2, with composite PMI data for April and May showing a continued improvement in operating conditions, other data calls for caution. The war in Ukraine continues to weigh heavily on business and consumer sentiment. Moreover, both harmonized consumer and producer price inflation reached record highs in April, suggesting that price pressures will continue to hamper activity. Meanwhile, the European Commission recently highlighted the investment environment, productivity, digitalization and pensions as areas in need of reform.

Germany - Unemployment Data

2015   2016   2017   2018   2019  
Unemployment Rate6.4  6.1  5.7  5.2  5.0  

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Germany Unemployment Chart

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

Germany Facts

Value Change Date
Bond Yield-0.190.41 %Jan 01
Exchange Rate1.120.65 %Dec 31

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