Own the gold standard ✨ in financial data & analytics
fair value · 20 million securities worldwide · 50 year history · 10 year estimates · leading business news

Subscribe for $2
Analyse
Profile
🇩🇪

Germany Harmonised Unemployment Rate

Price

3.2 %
Change +/-
+0 %
Percentage Change
+0 %

The current value of the Harmonised Unemployment Rate in Germany is 3.2 %. The Harmonised Unemployment Rate in Germany decreased to 3.2 % on 2/1/2024, after it was 3.2 % on 1/1/2024. From 1/1/1991 to 3/1/2024, the average GDP in Germany was 6.64 %. The all-time high was reached on 4/1/2005 with 11.2 %, while the lowest value was recorded on 5/1/2019 with 2.9 %.

Source: Federal Statistical Office

Harmonised Unemployment Rate

  • 3 years

  • 5 years

  • 10 years

  • 25 Years

  • Max

Harmonized Unemployment Rate

Harmonised Unemployment Rate History

DateValue
2/1/20243.2 %
1/1/20243.2 %
12/1/20233.1 %
11/1/20233.1 %
10/1/20233.1 %
9/1/20233.1 %
8/1/20233 %
7/1/20233 %
6/1/20233 %
5/1/20232.9 %
1
2
3
4
5
...
40

Similar Macro Indicators to Harmonised Unemployment Rate

NameCurrentPreviousFrequency
🇩🇪
Change in Unemployment
2,000 17,000 Monthly
🇩🇪
Employed persons
45.994 M 45.989 M Monthly
🇩🇪
Employment Change
0.1 %0.1 %Quarter
🇩🇪
Employment rate
77.4 %77.1 %Quarter
🇩🇪
Full-time employment
29.224 M 29.435 M Quarter
🇩🇪
Job Opportunities
706,661 706,201 Monthly
🇩🇪
Job Vacancy Rate
3.5 %3.9 %Quarter
🇩🇪
Labor costs
128.41 points126.5 pointsQuarter
🇩🇪
Labor force participation rate
79.9 %80 %Quarter
🇩🇪
Long-term unemployment rate
0.9 %0.9 %Quarter
🇩🇪
Minimum Wages
12.41 EUR/Hour12 EUR/HourAnnually
🇩🇪
Part-time work
12.152 M 12.074 M Quarter
🇩🇪
Population
84.7 M 84.4 M Annually
🇩🇪
Productivity
92.9 points95.1 pointsMonthly
🇩🇪
Retirement Age Men
66 Years65.92 YearsAnnually
🇩🇪
Retirement Age Women
66 Years65.92 YearsAnnually
🇩🇪
Unemployed Persons
2.801 M 2.799 M Monthly
🇩🇪
Unemployment Rate
6 %5.9 %Monthly
🇩🇪
Wage Growth
3.8 %1.8 %Quarter
🇩🇪
Wages
4,100 EUR/Month3,975 EUR/MonthAnnually
🇩🇪
Wages in Manufacturing
140.91 points117.5 pointsMonthly
🇩🇪
Youth Unemployment Rate
6.6 %6.6 %Monthly

In Germany, the Harmonised Unemployment Rate represents the proportion of individuals actively seeking employment relative to the total labour force.

What is Harmonised Unemployment Rate?

The Harmonised Unemployment Rate (HUR) is an essential macroeconomic indicator that plays a pivotal role in understanding the health of labor markets on a national and international scale. At Eulerpool, our goal is to provide you with accurate, comprehensive, and timely data on various macroeconomic indicators, including the Harmonised Unemployment Rate, so you can make informed decisions and analyses. The Harmonised Unemployment Rate measures the percentage of the total labor force that is unemployed and actively seeking employment. This metric is distinct from other unemployment rates due to its standardized methodology, allowing for consistent comparisons across different countries. This harmonization is achieved through the collaborative efforts of international organizations such as the International Labour Organization (ILO) and the Organisation for Economic Co-operation and Development (OECD). These organizations establish uniform definitions and criteria for measuring unemployment, ensuring that the data remains comparable across diverse economic contexts. Understanding the Harmonised Unemployment Rate is crucial for policymakers, economists, investors, and academics. It serves as a barometer for the state of the economy, influencing decisions ranging from fiscal policy adjustments to investment strategies. For instance, a rising HUR may indicate economic distress, prompting governments to implement stimulus measures or job creation programs. Conversely, a declining HUR signals economic growth and stability, boosting investor confidence and potentially leading to increased capital inflows. At Eulerpool, we recognize the importance of providing high-quality data on the Harmonised Unemployment Rate. Our platform ensures that users have access to up-to-date information by sourcing data from reputable institutions, including national statistical offices and international organizations. We employ rigorous data validation techniques to maintain the integrity and accuracy of our datasets, making Eulerpool a trusted resource for macroeconomic data analysis. One of the key features of the Harmonised Unemployment Rate is its ability to reveal underlying trends and patterns within the labor market. By tracking changes in HUR over time, economists and analysts can identify cyclical fluctuations associated with economic expansions and contractions. This longitudinal perspective is instrumental in developing economic forecasts and crafting long-term strategies for economic development. Moreover, the Harmonised Unemployment Rate provides insights into the demographic composition of unemployment. Disaggregated data by age, gender, and educational attainment allow for a nuanced understanding of which segments of the population are most affected by unemployment. For example, youth unemployment rates often differ significantly from general unemployment rates, reflecting the unique challenges faced by young individuals entering the labor market. Policymakers can use this disaggregated data to tailor interventions that address the specific needs of different demographic groups. In addition to its utility for macroeconomic analysis, the Harmonised Unemployment Rate is an important indicator for social policy. High levels of unemployment can have profound social consequences, including increased poverty rates, social unrest, and declining mental health among the unemployed. By monitoring HUR, governments and social institutions can develop targeted social programs and support services to mitigate the adverse effects of unemployment on individuals and communities. For businesses and investors, the Harmonised Unemployment Rate is a critical factor in decision-making processes. A low HUR typically signals a tight labor market, potentially leading to wage inflation as employers compete for a limited pool of workers. This, in turn, can influence corporate strategies regarding hiring, wage setting, and expansion plans. Conversely, a high HUR may indicate an excess supply of labor, allowing businesses to expand their workforce at a lower cost and potentially enhancing profitability. Furthermore, the Harmonised Unemployment Rate has implications for monetary policy. Central banks closely monitor HUR as part of their assessment of the overall economic environment. A persistently high HUR may prompt central banks to adopt an accommodative monetary stance, such as lowering interest rates or implementing quantitative easing, to stimulate economic activity and reduce unemployment. Conversely, a low HUR may lead to tighter monetary policy to prevent the economy from overheating and to keep inflation in check. The Harmonised Unemployment Rate is also a valuable tool for international comparisons. By standardizing the measurement of unemployment, it allows for meaningful comparisons of labor market conditions across different countries. This facilitates cross-country analyses, helping policymakers and researchers identify best practices and successful strategies for reducing unemployment. Such comparative analyses can also highlight structural differences in labor markets and guide international cooperation and policy coordination. At Eulerpool, our commitment to providing high-quality macroeconomic data extends to offering user-friendly tools and resources for exploring the Harmonised Unemployment Rate. Our platform features interactive charts, historical data series, and customizable reports, allowing users to conduct in-depth analyses and generate valuable insights. Whether you are a policymaker seeking data to inform your decisions, an investor analyzing economic trends, or an academic conducting research, Eulerpool provides the comprehensive and reliable data you need. In conclusion, the Harmonised Unemployment Rate is a vital macroeconomic indicator that offers a wealth of insights into labor market conditions, economic health, and social well-being. At Eulerpool, we are dedicated to providing accurate, timely, and comprehensive data on the HUR, empowering our users to make informed decisions and analyses. By tracking the HUR, stakeholders can better understand economic trends, develop targeted policies, and enhance strategies for growth and development. Stay informed with Eulerpool, your trusted partner for high-quality macroeconomic data.