Germany Unemployed Persons

Info

History

Chart

Impact:

Medium

Latest Release:

Surprise:

EUR-0.015M

EUR

Actual:

2.922M

Forecast: 2.937M

Previous/Revision:

2.922M

Period: Apr 2025

Next Release:

Forecast:

Period: May 2025

What Does It Measure?

The "Germany Unemployed Persons" indicator measures the number of individuals in Germany who are actively seeking employment but are currently without work. This national indicator focuses on employment within the labor force, quantifying the total number of unemployed persons, which serves as a key measure of labor market health and economic performance.

Frequency

The report on Germany's unemployed persons is released monthly and typically contains both preliminary and final data, usually published in the early weeks of the month.

Why Do Traders Care?

Traders closely monitor the unemployment figures as they reflect the labor market's health and can directly impact the German economy's growth and consumption patterns. Higher-than-expected unemployment figures are generally bearish for the euro, as they may signal weaker economic conditions and lower consumer spending, while lower unemployment rates can be bullish, indicating potential growth and economic stability.

What Is It Derived From?

This indicator is derived from extensive surveys and administrative statistics, gathering data from employment agencies and self-reported surveys of the labor force participants. Statistical agencies apply adjustments for seasonality and economic disruptions, ensuring accuracy in representing the actual labor market conditions.

Description

The report distinguishes between preliminary and final data, with the preliminary figures based on initial estimates subject to revision as more comprehensive data becomes available. Preliminary data tends to invoke a stronger market reaction due to its immediacy, while final figures provide a more stable and accurate economic assessment. Month-over-Month (MoM) comparisons highlight short-term labor market changes, emphasizing immediate shifts rather than long-term trends, allowing traders to quickly assess directional changes in employment levels, aiding in decision-making.

Additional Notes

The unemployment report is a key lagging economic measure, often confirming long-term trends rather than predicting them, so it complements leading indicators like business sentiment or industrial output. In a broader context, Germany's unemployment figures are pivotal in assessing the health of the Eurozone economy, impacting ECB decisions and reflecting regional employment patterns.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bearish for Euro, Bearish for German Stocks. Lower than expected: Bullish for Euro, Bullish for German Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the ‘Actual’ value differs enough from the forecast or if the ‘Previous’ value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the ‘Actual’ deviates from the forecast or there’s a notable revision to the ‘Previous’ value.

Medium Potential Impact
This event is unlikely to affect market pricing unless there’s an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
'Actual' deviated from 'Forecast' on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
'Actual' deviated from 'Forecast' on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency.

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
Apr 30, 2025	2.922M	2.937M	2.922M	-0.015M
Mar 28, 2025	2.922M	2.892M	2.886M	0.03M
Feb 28, 2025	2.886M	2.891M	2.88M	-0.005M
Jan 31, 2025	2.88M	2.876M	2.869M	0.004M
Jan 03, 2025	2.869M	2.87M	2.86M	-0.001M
Nov 29, 2024	2.86M	2.876M	2.856M	-0.016M
Oct 30, 2024	2.856M	2.825M	2.823M	0.031M
Sep 27, 2024	2.823M	2.824M	2.801M	-0.001M
Aug 30, 2024	2.801M	2.814M	2.799M	-0.013M
Jul 31, 2024	2.802M	2.796M	2.784M	0.006M
Jun 28, 2024	2.781M	2.77M	2.762M	0.011M
Jun 04, 2024	2.762M	2.88M	2.732M	-0.118M
Apr 30, 2024	2.732M	2.73M	2.719M	0.002M
Mar 28, 2024	2.719M	2.733M	2.714M	-0.014M
Feb 29, 2024	2.713M	2.709M	2.701M	0.004M
Jan 31, 2024	2.694M	2.718M	2.696M	-0.024M
Jan 03, 2024	2.703M	2.732M	2.698M	-0.029M
Nov 30, 2023	2.702M	2.693M	2.68M	0.009M
Nov 02, 2023	2.678M	2.661M	2.648M	0.017M
Sep 29, 2023	2.642M	2.65M	2.632M	-0.008M
Aug 31, 2023	2.63M	2.621M	2.61M	0.009M
Aug 01, 2023	2.604M	2.625M	2.608M	-0.021M
Jun 30, 2023	2.61M	2.592M	2.582M	0.018M
May 31, 2023	2.573M	2.58M	2.564M	-0.007M
Apr 28, 2023	2.567M	2.549M	2.54M	0.018M
Mar 31, 2023	2.54M	2.511M	2.52M	0.029M
Mar 01, 2023	2.509M	2.509M	2.507M
Jan 31, 2023	2.498M	2.5M	2.51M	-0.002M
Jan 03, 2023	2.52M	2.55M	2.533M	-0.03M
Nov 30, 2022	2.538M	2.537M	2.521M	0.001M
Nov 02, 2022	2.518M	2.54M	2.51M	-0.022M
Sep 30, 2022	2.51M	2.519M	2.497M	-0.009M
Aug 31, 2022	2.497M	4.481M	2.463M	-1.984M
Jul 29, 2022	2.463M	2.457M	2.417M	0.006M
Jun 30, 2022	2.417M	2.28M	2.284M	0.137M
May 31, 2022	2.285M	2.278M	2.287M	0.007M
May 03, 2022	2.287M	2.277M	2.301M	0.01M
Mar 31, 2022	2.298M	2.287M	2.316M	0.011M
Mar 02, 2022	2.312M	2.328M	2.345M	-0.016M
Feb 01, 2022	2.345M	2.395M	2.393M	-0.05M
Jan 04, 2022	2.405M	2.408M	2.428M	-0.003M