Germany Unemployment Rate

Info

History

Chart

Impact:

Medium

Latest Release:

Actual:

6.3%

Forecast: 6.3%

Previous/Revision:

6.3%

Period: Apr 2025

Next Release:

Forecast:

Period: May 2025

What Does It Measure?

The Germany Unemployment Rate measures the percentage of the total workforce that is unemployed and actively seeking employment within the country. It focuses on employment levels and economic activity, offering insights into both current labor market conditions and potential future economic growth. This is a national indicator, with a lower unemployment rate typically signaling economic health and expansion.

Frequency

The unemployment rate in Germany is released monthly, typically during the first week of the following month, and represents final data for the measured period.

Why Do Traders Care?

Traders pay attention to the unemployment rate because it offers direct insights into the health of Germany's economy, influencing currency strength and equity valuations. An improving unemployment rate is generally bullish for the euro and German stocks, while worsening levels can be bearish, impacting economic forecasts and monetary policy decisions.

What Is It Derived From?

The unemployment rate is derived from surveys conducted by Germany's Federal Employment Agency, which collects data from households regarding employment status, job-seeking activity, and demographic factors. The calculations follow international standards set by organizations such as the International Labour Organization to ensure consistency and comparability.

Description

The unemployment rate report gives a clear picture of labor market trends by comparing how the current labor force is faring in terms of employment opportunities. Preliminary data might not be as common, as the figures usually represent final statistics based on comprehensive surveys. Although it is typically published on a monthly basis, providing a timely view on the labor market's condition, traders and policymakers often rely on this report to gauge the economy's overall performance and make informed decisions.

Additional Notes

As a coincident economic indicator, the unemployment rate generally moves in step with the overall economy. By comparing it with other labor statistics like job vacancies or hiring rates, analysts can derive a broader understanding of economic momentum and labor market health in Germany and across the eurozone.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for the Euro, Bullish for German Stocks. Lower than expected: Bearish for the Euro, Bearish 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	6.3%	6.3%	6.3%
Mar 28, 2025	6.3%	6.2%	6.2%	0.1%
Feb 28, 2025	6.2%	6.2%	6.2%
Jan 31, 2025	6.2%	6.2%	6.1%
Jan 03, 2025	6.1%	6.2%	6.1%	-0.1%
Nov 29, 2024	6.1%	6.1%	6.1%
Oct 30, 2024	6.1%	6.1%	6%
Sep 27, 2024	6%	6%	6%
Aug 30, 2024	6%	6%	6%
Jul 31, 2024	6%	6%	6%
Jun 28, 2024	6%	5.9%	5.9%	0.1%
Jun 04, 2024	5.9%	5.9%	5.9%
Apr 30, 2024	5.9%	5.9%	5.9%
Mar 28, 2024	5.9%	5.9%	5.9%
Feb 29, 2024	5.9%	5.8%	5.9%	0.1%
Jan 31, 2024	5.8%	5.9%	5.8%	-0.1%
Jan 03, 2024	5.9%	5.9%	5.8%
Nov 30, 2023	5.9%	5.8%	5.8%	0.1%
Nov 02, 2023	5.8%	5.8%	5.7%
Sep 29, 2023	5.7%	5.7%	5.7%
Aug 31, 2023	5.7%	5.7%	5.7%
Aug 01, 2023	5.6%	5.7%	5.7%	-0.1%
Jun 30, 2023	5.7%	5.6%	5.6%	0.1%
May 31, 2023	5.6%	5.6%	5.6%
Apr 28, 2023	5.6%	5.6%	5.6%
Mar 31, 2023	5.6%	5.5%	5.5%	0.1%
Mar 01, 2023	5.5%	5.6%	5.5%	-0.1%
Jan 31, 2023	5.5%	5.5%	5.5%
Jan 03, 2023	5.5%	5.6%	5.5%	-0.1%
Nov 30, 2022	5.6%	5.5%	5.5%	0.1%
Nov 02, 2022	5.5%	5.5%	5.5%
Sep 30, 2022	5.5%	5.5%	5.5%
Aug 31, 2022	5.5%	5.5%	5.4%
Jul 29, 2022	5.4%	5.4%	5.3%
Jun 30, 2022	5.3%	5%	5%	0.3%
May 31, 2022	5%	5%	5%
May 03, 2022	5%	5%	5%
Mar 31, 2022	5%	5%	5%
Mar 02, 2022	5%	5.1%	5.1%	-0.1%
Feb 01, 2022	5.1%	5.2%	5.2%	-0.1%
Jan 04, 2022	5.2%	5.3%	5.3%	-0.1%
Nov 30, 2021	5.3%	5.3%	5.4%
Oct 28, 2021	5.4%	5.4%	5.5%
Sep 30, 2021	5.5%	5.4%	5.5%	0.1%
Aug 31, 2021	5.5%	5.6%	5.6%	-0.1%
Jul 29, 2021	5.7%	5.8%	5.9%	-0.1%
Jun 30, 2021	5.9%	5.9%	5.9%
Jun 01, 2021	6%	6%	6%
Apr 29, 2021	6%	6%	6%
Mar 31, 2021	6%	6%	6%
Mar 02, 2021	6%	6%	6%
Jan 29, 2021	6%	6.1%	6%	-0.1%
Jan 05, 2021	6.1%	6.1%	6.1%
Dec 01, 2020	6.1%	6.3%	6.2%	-0.2%
Oct 29, 2020	6.2%	6.3%	6.3%	-0.1%
Sep 30, 2020	6.3%	6.4%	6.4%	-0.1%
Sep 01, 2020	6.4%	6.4%	6.4%
Jul 30, 2020	6.4%	6.5%	6.4%	-0.1%
Jul 01, 2020	6.4%	6.6%	6.3%	-0.2%
Jun 03, 2020	6.3%	6.2%	5.8%	0.1%
Apr 30, 2020	5.8%	5.2%	5%	0.6%
Mar 31, 2020	5%	5.1%	5%	-0.1%
Feb 28, 2020	5%	5%	5%	0%
Jan 30, 2020	5%	5%	5%	0%
Jan 03, 2020	5%	5%	5%
Nov 29, 2019	5%	5%	5%
Oct 30, 2019	5%	5%	5%
Sep 30, 2019	5%	5%	5%
Aug 29, 2019	5%	5%	5%
Jul 31, 2019	5%	5%	5%
Jul 01, 2019	5%	5%	5%
May 29, 2019	5%	4.9%	4.9%	0.1%
Apr 30, 2019	4.9%	4.9%	4.9%
Mar 29, 2019	4.9%	4.9%	5%
Mar 01, 2019	5%	5%	5%
Jan 31, 2019	5%	5%	5%
Jan 04, 2019	5%	5%	5%
Nov 29, 2018	5%	5.1%	5.1%	-0.1%
Oct 30, 2018	5.1%	5.1%	5.1%
Sep 28, 2018	5.1%	5.2%	5.2%	-0.1%
Aug 30, 2018	5.2%	5.2%	5.2%
Jul 31, 2018	5.2%	5.2%	5.2%
Jun 29, 2018	5.2%	5.2%	5.2%
May 30, 2018	5.2%	5.3%	5.3%	-0.1%
Apr 27, 2018	5.3%	5.3%	5.3%
Mar 29, 2018	5.3%	5.3%	5.4%
Feb 28, 2018	5.4%	5.4%	5.4%
Jan 31, 2018	5.4%	5.5%	5.5%	-0.1%
Jan 03, 2018	5.5%	5.6%	5.5%	-0.1%
Nov 30, 2017	5.6%	5.6%	5.6%	0%
Nov 02, 2017	5.6%	5.6%	5.6%	0%
Aug 31, 2017	5.7%	5.7%	5.7%
Aug 01, 2017	5.7%	5.7%	5.7%
Jun 30, 2017	5.7%	5.7%	5.7%
May 31, 2017	5.7%	5.7%	5.8%
May 03, 2017	5.8%	5.8%	5.8%
Mar 31, 2017	5.8%	5.9%	5.9%	-0.1%
Mar 01, 2017	5.9%	5.9%	5.9%
Jan 31, 2017	5.9%	6%	6%	-0.1%
Jan 03, 2017	6%	5.6%	6%	0.4%
Nov 30, 2016	6%	6%	6%	0%
Nov 02, 2016	6%	6.1%	6.1%	-0.1%
Sep 29, 2016	6.1%	6.1%	6.1%	0%
Aug 31, 2016	6.1%	6.1%	6.1%	0%
Jul 28, 2016	6.1%	6.1%	6.1%	0%
Jun 30, 2016	6.1%	6.1%	6.1%	0%
May 31, 2016	6.1%	6.2%	6.2%	-0.1%
Apr 28, 2016	6.2%	6.2%	6.2%	0%
Mar 31, 2016	6.2%	6.2%	6.2%	0%
Mar 01, 2016	6.2%	6.2%	6.2%	0%
Feb 02, 2016	6.2%	6.3%	6.3%	-0.1%
Jan 05, 2016	6.3%	6.3%	6.3%	0%
Dec 01, 2015	6.3%	6.4%	6.4%	-0.1%
Oct 29, 2015	6.4%	6.4%	6.4%	0%
Sep 30, 2015	6.4%	6.4%	6.4%	0%
Sep 01, 2015	6.4%	6.4%	6.4%	0%
Jul 30, 2015	6.4%	6.4%	6.4%	0%
Jun 30, 2015	6.4%	6.4%	6.4%	0%
Jun 02, 2015	6.4%	6.4%	6.4%