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Main Indicator: Unemployment Rate
Most Recent Release
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Actual | Forecast | Previous | Revised Form | |
| 7.8% | 7.8% | 7.8% | N/A | ||
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For July (s.a.)
Unempl. Change (July): -20K, forecast -20K, pr. -38K (Jun), 4K (May)
See "Unemployment Change" above for commentary. |
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Table of Past Data
| 10/30 | 11/29 | 1/3 | 1/31 | 2/28 | 4/1 | 4/30 | 5/29 | 7/1 | 7/31 | ||
| Actual | 8.7% | 8.6% | 8.4% | 8.1% | 8.0% | 7.8% | 7.9% | 7.9% | 7.8% | 7.8% | |
| Forecast | 8.7% | 8.7% | 8.5% | 8.3% | 8.0% | 7.9% | 7.8% | 7.8% | 7.9% | 7.8% | |
| Previous | 8.8% | 8.7% | 8.6% | 8.4% | 8.1% | 8.0% | 7.8% | 7.9% | 7.9% | 7.8% | |
| Revised From | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |
Past Releases
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Actual | Forecast | Previous | Revised Form | |
| 7.8% | 7.9% | 7.9% | N/A | ||
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For June (s.a.)
Unempl. Change (June): -38K, forecast -15K, pr. 4K (May), -7K (Apr)
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Actual | Forecast | Previous | Revised Form | |
| 7.9% | 7.8% | 7.9% | N/A | ||
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For May (s.a.)
German Unemployment Change (May): 4K, forecast -25K, pr -7K (Apr), -55K (Mar)
German unemployment increased by 4K in May from April to 3.31 million. Its the first time since January 2006 that the unemployment change figure showed an increase. Employmnet had been pushed up by strong demand for exports, but now the higher Euro and a spreading global slowdown have cut back that extra demand. Exports fell for a second month in March, data showed. Also, a mild winter helped construction jobs. The positive developments in employment may have seen a peak, and one should moniter what happens to employment from here on out in Germany. |
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Actual | Forecast | Previous | Revised Form | |
| 7.9% | 7.8% | 7.8% | N/A | ||
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For April (s.a.)
German Unemployment Change: -7K, forecast -30K, pr. -55K (Mar)
The number of workers finding employment fell to 7K in April, lower than forecast, and sharply off the pace of the last two months (55K in March and 75K in February). German unemployment has been at record levels helping to boost incomes and kept German consumers spending. Increased wages have pushed up inflation, and at the same time employment seems like it is slowing now. The German economy has been able to forestall a slowdown, as a result of high demand for German exports from other parts of the world, offsetting poor demand from the United States. Other indicators have pointed to the fact that higher credit costs, and a strong euro, may be dampening demand and weakening the overall economy. |
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Actual | Forecast | Previous | Revised Form | |
| 7.8% | 7.9% | 8.0% | N/A | ||
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For March (s.a.)
German Unemployment Change: -55K, forecast -45K, pr. -75K The unemployment rate dropped to a new 15 and half year low, notching down to 7.8% for March. The growth in jobs is being fueled by worldwide demand for German exports. With the labor market remaining strong, and recent business confidence indicators showing positive results in Germany, the economy is one of the few in the world that is proving to be resilient during the global slowdown percipitated by the financial crisis started in the US. |
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Actual | Forecast | Previous | Revised Form | |
| 8.0% | 8.0% | 8.1% | N/A | ||
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For February (s.a.)
Germany's unemployment rate notched down to 8.0%, a new 15 year low. Companies, eager to meet demand for machinery and cars, added to their workforce. The number of unemployed (s.a.) fell by 75K to 3.34M. Part of decline in unemployment was attributed to mild weather. Exports, along with domestic demand, are helping to sustain the German economy, even as the US and global growth experience a slowdown. A tighter job market will help put more money into consumer pockets, and help boost consumer spending. Some problems face Germany and the euro-zone however such as record oil prices and the Euro's climb to record levels. This will inevitably make German goods more expensive abroad, and may limit this source of economic growth. That has not been borne out it the data so far. |
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Actual | Forecast | Previous | Revised Form | |
| 8.1% | 8.3% | 8.4% | N/A | ||
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Seasonally Adjusted for January.
Provided by Federal Labor Agency Unemployment Change: -89K, forecast -43K, pr. -78K (Dec). |
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Actual | Forecast | Previous | Revised Form | |
| 8.4% | 8.5% | 8.6% | N/A | ||
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Seasonally Adjusted for December. Federal Labor Agency German Unemployment Change: -78K, forecast -35K, pr. -53K (Nov). The unemployment rate in Germany notched down to 8.4%, as the number of people out of work fell by 78,000 (seasonally adjusted) to 3.51 million. The change in unemployed was double what economists had forecast prior to the release. The German economy is able to put on more workers as manufacturers of cars and industrial equipment are working off a backlog of orders. The Labor market in Germany is not showing the effects seen in other indicators that are pointing to a slowdown in the Euro-zone. |
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Actual | Forecast | Previous | Revised Form | |
| 8.6% | 8.7% | 8.7% | N/A | ||
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For November. Federal Labor Agency German Unemployment Change: -53K (Nov), forecast -30K, pr. -40K (Oct). Data out of Germany showed that there the adjusted number of people out of work fell by 53,000 in November. It is the 22nd month of improvement, and this month's change notched the unemployment rate down to 8.6%, the lowest level in 14 years. The increase in employment comes as companies look to meet demand for making cars, planes, and machinery made in Europe's largest economy. It is a healthy indication of Germany's labor market. |
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Actual | Forecast | Previous | Revised Form | |
| 8.7% | 8.7% | 8.8% | N/A |