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Germany Unemployment Rate Harmonised

Info

History

Chart

Impact:

Medium

Source: Federal Statistical Office

Latest Release:

Date:

Actual:

Forecast: 3%

Previous/Revision:

Period: Oct

What Does It Measure?

The Harmonised Unemployment Rate in Germany measures the percentage of the labour force that is unemployed and actively seeking employment, based on standardized definitions from Eurostat. It provides insights into the country's overall labour market health, assessing key areas such as employment levels, job availability, and economic activity.

Frequency

This economic indicator is typically released monthly, with preliminary estimates published around the end of the month and updated figures released shortly thereafter.

Why Do Traders Care?

Traders monitor the Harmonised Unemployment Rate as it serves as a critical gauge of economic strength; a higher-than-expected rate may signal economic distress, negatively influencing financial markets. Movements in this indicator can affect key assets like the Euro (EUR) and German equities, as labour market health is closely tied to consumer spending and overall economic growth.

What Is It Derived From?

The unemployment rate is derived from a combination of survey data collected from households across Germany, employing methodologies consistent with international standards set by the International Labour Organization (ILO). The survey encompasses a wide range of respondents, ensuring a comprehensive view of the employment landscape.

Description

The Harmonised Unemployment Rate distinguishes between active job seekers and the overall workforce, providing a more consistent measurement for comparisons across EU member states. Preliminary data is based on early estimates and subject to revision, while final reports reflect more accurate employment figures that may adjust market sentiment and economic forecasts.

Additional Notes

This indicator is considered a lagging economic measure, reflecting conditions in the labour market after changes in the broader economy. The Harmonised Unemployment Rate is often compared with national employment rates and other economic indicators to assess regional labour market trends and forecasts.

Bullish or Bearish for Currency and Stocks

If the actual unemployment rate is higher than expected: Bearish for EUR, Bearish for Stocks. If it is lower than expected: Bullish for EUR, Bullish for 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.

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
Nov 30, 2022	3%	3%	3%
Nov 02, 2022	3%	3%	3%
Sep 30, 2022	3%	2.9%	3%	0.1%
Aug 31, 2022	2.9%	2.9%	2.9%
Jul 29, 2022	2.8%	3%	2.9%	-0.2%
Jun 30, 2022	2.8%	3%	2.9%	-0.2%
May 31, 2022	3%	2.9%	3%	0.1%
May 03, 2022	2.9%	3.1%	3%	-0.2%
Mar 31, 2022	3.1%	3.1%	3.1%
Mar 02, 2022	3.1%	3.2%	3.2%	-0.1%
Feb 01, 2022	3.2%	3.2%	3.2%
Jan 04, 2022	3.2%	3.3%	3.3%	-0.1%
Nov 30, 2021	3.3%	3.4%	3.3%	-0.1%
Oct 28, 2021	3.4%	3.6%	3.4%	-0.2%
Sep 30, 2021	3.6%	3.6%	3.6%
Aug 31, 2021	3.6%	3.7%	3.7%	-0.1%
Jul 29, 2021	3.7%	3.7%	3.7%
Jun 30, 2021	3.7%	4.4%	3.8%	-0.7%
Jun 01, 2021	4.4%	4.5%	4.5%	-0.1%
Apr 29, 2021	4.5%	4.5%	4.5%
Mar 31, 2021	4.5%	4.6%	4.6%	-0.1%
Mar 02, 2021	4.6%	4.6%	4.6%
Jan 29, 2021	4.6%	4.6%	4.5%
Jan 05, 2021	4.5%	4.5%	4.5%
Dec 01, 2020	4.5%	4.6%	4.5%	-0.1%
Oct 29, 2020	4.5%	4.5%	4.5%
Sep 30, 2020	4.4%	4.6%	4.4%	-0.2%
Sep 01, 2020	4.4%	4.3%	4.3%	0.1%
Jul 30, 2020	4.2%	4.2%	4.1%
Jul 01, 2020	3.9%	3.8%	3.8%	0.1%
Jun 03, 2020	3.5%	4.2%	3.5%	-0.7%
Apr 30, 2020	3.5%	3.5%	3.4%
Mar 31, 2020	3.2%	3.2%	3.2%
Feb 28, 2020	3.2%	3.2%	3.2%
Jan 30, 2020	3.2%	3%	3.2%	0.2%
Jan 03, 2020	3.1%	3.1%	3.1%
Oct 30, 2019	3.1%	3.1%	3.1%
Sep 30, 2019	3.1%	3%	3.1%	0.1%
Aug 29, 2019	3%	3.1%	3.1%	-0.1%
Jul 31, 2019	3.1%	3.1%	3.1%
Jul 01, 2019	3.1%	3.2%	3.1%	-0.1%
May 29, 2019	3.2%	3.2%	3.2%
Apr 30, 2019	3.2%	3.1%	3.2%	0.1%
Mar 29, 2019	3.1%	3.2%	3.2%	-0.1%
Mar 01, 2019	3.2%	3.3%	3.3%	-0.1%
Jan 31, 2019	3.3%	3.3%	3.3%
Jan 04, 2019	3.3%	3.3%	3.3%
Nov 29, 2018	3.3%	3.4%	3.4%	-0.1%
Oct 30, 2018	3.4%	3.4%	3.4%
Sep 28, 2018	3.4%	3.4%	3.4%
Aug 30, 2018	3.4%	3.4%	3.4%
Jul 31, 2018	3.4%	3.4%	3.5%
Jun 29, 2018	3.4%	3.4%	3.4%
May 30, 2018	3.4%	3.4%	3.5%
Apr 27, 2018	3.4%	3.5%	3.5%	-0.1%
Mar 29, 2018	3.5%	3.6%	3.5%	-0.1%
Feb 28, 2018	3.6%	3.6%	3.6%
Jan 31, 2018	3.6%	3.6%	3.7%
Jan 03, 2018	3.6%	3.6%	3.7%
Nov 30, 2017	3.6%	3.6%	3.6%
Oct 30, 2017	3.6%	3.6%	3.6%
Sep 29, 2017	3.6%	3.7%	3.7%	-0.1%
Aug 31, 2017	3.7%	3.8%	3.8%	-0.1%
Jul 31, 2017	3.8%	3.9%	3.9%	-0.1%
Jun 30, 2017	3.9%	3.9%	3.9%
May 31, 2017	3.9%	3.8%	3.9%	0.1%
May 02, 2017	3.9%	3.9%	3.9%
Mar 31, 2017	3.9%	3.8%	3.9%	0.1%
Mar 01, 2017	3.8%	3.9%	3.9%	-0.1%
Jan 31, 2017	3.9%	4.1%	3.9%	-0.2%
Jan 03, 2017	4.1%	4.1%	4.1%
Nov 30, 2016	4.1%	4.1%	4.2%
Nov 02, 2016	4.1%	4.2%	4.1%	-0.1%
Sep 29, 2016	4.2%	4.2%	4.2%
Aug 31, 2016	4.2%	4.2%	4.3%
Jul 28, 2016	4.2%	4.2%	4.2%
Jun 30, 2016	4.2%	4.2%	4.3%
May 31, 2016	4.2%	4.2%	4.2%
Apr 28, 2016	4.2%	4.3%	4.3%	-0.1%
Mar 31, 2016	4.3%	4.3%	4.3%
Mar 01, 2016	4.3%	4.5%	4.4%	-0.2%
Feb 02, 2016	4.5%	4.5%	4.5%
Jan 05, 2016	4.5%	4.5%	4.5%
Dec 01, 2015	4.5%	4.5%	4.5%
Oct 29, 2015	4.5%	4.5%	4.5%
Sep 30, 2015	4.5%	4.7%	4.6%	-0.2%
Sep 01, 2015	4.7%	4.7%	4.7%
Jul 30, 2015	4.7%	4.7%	4.7%
Jun 30, 2015	4.7%	4.6%	4.7%	0.1%
Jun 02, 2015	4.7%	4.7%	4.7%