Germany Unemployment Rate

Info

History

Chart

Impact:

Medium

Source: Bundesagentur für Arbeit

Latest Release:

Date:

Actual:

6.3%

Forecast: 6.3%

Previous/Revision:

6.3%

Period: May

Next Release:

Date:

Forecast: 6.3%

Period: Jun

What Does It Measure?

The unemployment rate in Germany measures the percentage of the labor force that is without work but actively seeking employment. It primarily focuses on indicators such as job availability, workforce participation, and economic health, providing insights into production capacity and consumer spending behavior.

Frequency

The unemployment rate is released monthly, with the figures typically published on the first working day of the month following the reporting period.

Why Do Traders Care?

Traders closely monitor the unemployment rate as it is a critical indicator of economic health; a rising unemployment rate can signal economic weakness, impacting the value of currencies like the EUR and potentially leading to bearish sentiment in equities. Conversely, a lower-than-expected unemployment rate is often seen as a positive sign for the economy, boosting consumer confidence and investment.

What Is It Derived From?

The unemployment rate is derived from labor market surveys conducted by the Federal Employment Agency in Germany, which includes data from a wide array of businesses and industry sectors. The calculation involves the number of unemployed individuals actively looking for work divided by the total labor force, usually represented by the working-age population.

Description

The unemployment rate report presents both preliminary and final estimates, where preliminary data, based on early surveys, may be subject to revisions in subsequent reports. While the preliminary figures can prompt immediate market reactions due to their timeliness, the final reports provide a more accurate picture after thorough data verification. Measurement is commonly reported as a percentage of the total labor force, with comparisons made year-over-year to assess long-term trends.

Additional Notes

The unemployment rate is typically considered a lagging economic indicator, reflecting conditions that result from past economic activity rather than predicting future performance. It often serves as a barometer for broader economic trends, allowing for comparisons to similar indicators in the Eurozone or at a global level.

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.

Low 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 Forcast 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
May 28, 2025	6.3%	6.3%	6.3%
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%
Jan 30, 2020	5%	5%	5%
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%
Nov 02, 2017	5.6%	5.6%	5.6%
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%
Nov 02, 2016	6%	6.1%	6.1%	-0.1%
Sep 29, 2016	6.1%	6.1%	6.1%
Aug 31, 2016	6.1%	6.1%	6.1%
Jul 28, 2016	6.1%	6.1%	6.1%
Jun 30, 2016	6.1%	6.1%	6.1%
May 31, 2016	6.1%	6.2%	6.2%	-0.1%
Apr 28, 2016	6.2%	6.2%	6.2%
Mar 31, 2016	6.2%	6.2%	6.2%
Mar 01, 2016	6.2%	6.2%	6.2%
Feb 02, 2016	6.2%	6.3%	6.3%	-0.1%
Jan 05, 2016	6.3%	6.3%	6.3%
Dec 01, 2015	6.3%	6.4%	6.4%	-0.1%
Oct 29, 2015	6.4%	6.4%	6.4%
Sep 30, 2015	6.4%	6.4%	6.4%
Sep 01, 2015	6.4%	6.4%	6.4%
Jul 30, 2015	6.4%	6.4%	6.4%
Jun 30, 2015	6.4%	6.4%	6.4%
Jun 02, 2015	6.4%	6.4%	6.4%