Germany's seasonally adjusted jobless rate held steady for the fifth consecutive month in April 2024 at 5.9%, its highest level since May 2021, matching market forecasts. The number of unemployed individuals increased by 13 thousand to 2.732 million in April, marking a 16th consecutive period of rising unemployment, indicative of the weak economic development in Germany. Regional differences become even more evident at the district and municipal levels. The highest rates were registered in Bremerhaven and Gelsenkirchen, both at 14.8%, while the lowest unemployment rate was in Bad Tölz-Wolfratshausen, at 2.2%. source: Bundesagentur für Arbeit
Unemployment Rate in Germany remained unchanged at 5.90 percent in April. 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 May of 2024.
Unemployment Rate in Germany remained unchanged at 5.90 percent in April. Unemployment Rate in Germany is expected to be 6.00 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.