Germany EUR

Germany Unemployment Change

Info

History

Chart

Impact:

Medium

Source: Bundesagentur für Arbeit

Latest Release:

Date:

Big Surprise:

24K

EUR

Actual:

34K

Forecast: 10K

Previous/Revision:

Period: May

Next Release:

Date:

Forecast: 15K

Period: Jun

What Does It Measure?

The Germany Unemployment Change measures the monthly change in the number of unemployed individuals in Germany, explicitly assessing shifts in employment levels and evaluating the health of the labor market. It primarily focuses on employment dynamics, providing insights into economic performance, consumer spending potential, and related social conditions, with key indicators being the total number of unemployed and the unemployment rate.

Frequency

This report is released monthly, typically on the first working day of the month following the reference month, and includes both preliminary and final figures.

Why Do Traders Care?

Traders closely monitor the Germany Unemployment Change because it serves as a critical gauge of economic strength in the Eurozone’s largest economy, directly influencing the euro (EUR) and German stocks. Higher unemployment figures may be seen as bearish for both currencies and equity markets, while lower-than-expected unemployment figures can be interpreted as bullish.

What Is It Derived From?

The unemployment change data is derived from statistical reports generated by the Federal Employment Agency, which uses a combination of surveys and administrative records to assess job seekers and those currently employed. The computation involves tracking the number of individuals registered as unemployed, considering both full-time and part-time employment statuses.

Description

The report distinguishes between preliminary and final reports, where the preliminary data is based on early estimates and can be subject to revision, while the final data provides a more accurate depiction of the employment situation but is released later. The MoM comparison is employed here to highlight short-term fluctuations, as the immediate responses to employment changes can significantly influence economic sentiment and market perceptions.

Additional Notes

The Germany Unemployment Change is regarded as a coincident economic indicator because it reflects current economic conditions rather than predicting future trends. Its relationship with broader economic growth, such as GDP and inflation, suggests that sustained deviations from expected figures may raise concerns about the overall economic outlook.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bearish for EUR, Bearish for Stocks. Lower than expected: Bullish for EUR, Bullish for Stocks. Dovish tone: Signaling lower employment levels is usually bad for the EUR but good for Stocks due to cheaper borrowing costs.

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	34K	10K	6K	24K
Apr 30, 2025	4K	20K	26K	-16K
Mar 28, 2025	26K	10K	5K	16K
Feb 28, 2025	5K	15K	11K	-10K
Jan 31, 2025	11K	14K	10K	-3K
Jan 03, 2025	10K	15K	7K	-5K
Nov 29, 2024	7K	20K	27K	-13K
Oct 30, 2024	27K	15K	17K	12K
Sep 27, 2024	17K	12K	2K	5K
Aug 30, 2024	2K	16K	17K	-14K
Jul 31, 2024	18K	15K	20K	3K
Jun 28, 2024	19K	15K	25K	4K
Jun 04, 2024	25K	10K	10K	15K
Apr 30, 2024	10K	7K	4K	3K
Mar 28, 2024	4K	10K	12K	-6K
Feb 29, 2024	11K	7K	1K	4K
Jan 31, 2024	-2K	11K	2K	-13K
Jan 03, 2024	5K	20K	21K	-15K
Nov 30, 2023	22K	22K	31K
Nov 02, 2023	30K	15K	12K	15K
Sep 29, 2023	10K	15K	20K	-5K
Aug 31, 2023	18K	10K	1K	8K
Aug 01, 2023	-4K	20K	30K	-24K
Jun 30, 2023	28K	13K	13K	15K
May 31, 2023	9K	15K	23K	-6K
Apr 28, 2023	24K	10K	19K	14K
Mar 31, 2023	16K	0K	6K	16K
Mar 01, 2023	2K	11K	-11K	-9K
Jan 31, 2023	-15K	5K	-16K	-20K
Jan 03, 2023	-13K	15K	15K	-28K
Nov 30, 2022	17K	13K	9K	4K
Nov 02, 2022	8K	15K	14K	-7K
Sep 30, 2022	14K	20K	26K	-6K
Aug 31, 2022	28K	28K	48K
Jul 29, 2022	48K	15K	133K	33K
Jun 30, 2022	133K	-6K	-5K	139K
May 31, 2022	-4K	-16K	-13K	12K
May 03, 2022	-13K	-15K	-18K	2K
Mar 31, 2022	-18K	-20K	-32K	2K
Mar 02, 2022	-33K	-25K	-48K	-8K
Feb 01, 2022	-48K	-6K	-29K	-42K
Jan 04, 2022	-23K	-15K	-34K	-8K
Nov 30, 2021	-34K	-25K	-40K	-9K
Oct 28, 2021	-39K	-20K	-31K	-19K
Sep 30, 2021	-30K	-33K	-53K	3K
Aug 31, 2021	-53K	-40K	-90K	-13K
Jul 29, 2021	-91K	-28K	-39K	-63K
Jun 30, 2021	-38K	-20K	-19K	-18K
Jun 01, 2021	-15K	-9K	8K	-6K
Apr 29, 2021	9K	-10K	-6K	19K
Mar 31, 2021	-8K	-3K	9K	-5K
Mar 02, 2021	9K	-13K	-37K	22K
Jan 29, 2021	-41K	6K	-40K	-47K
Jan 05, 2021	-37K	10K	-40K	-47K
Dec 01, 2020	-39K	8K	-38K	-47K
Oct 29, 2020	-35K	-5K	-10K	-30K
Sep 30, 2020	-8K	-8K	-9K
Sep 01, 2020	-9K	1K	-17K	-10K
Jul 30, 2020	-18K	43K	68K	-61K
Jul 01, 2020	69K	120K	237K	-51K
Jun 03, 2020	238K	200K	372K	38K
Apr 30, 2020	373K	76K	1K	297K
Mar 31, 2020	1K	29K	-8K	-28K
Feb 28, 2020	-10K	3K	-4K	-13K
Jan 30, 2020	-2K	5K	8K	-7K
Jan 03, 2020	8K	2K	-14K	6K
Nov 29, 2019	-16K	5K	5K	-21K
Oct 30, 2019	6K	2K	-9K	4K
Sep 30, 2019	-10K	5K	2K	-15K
Aug 29, 2019	4K	4K	1K
Jul 31, 2019	1K	2K	0K	-1K
Jul 01, 2019	-1K	-3K	60K	2K
May 29, 2019	60K	-8K	-12K	68K
Apr 30, 2019	-12K	-5K	-7K	-7K
Mar 29, 2019	-7K	-10K	-20K	3K
Mar 01, 2019	-21K	-5K	-4K	-16K
Jan 31, 2019	-2K	-11K	-12K	9K
Jan 04, 2019	-14K	-11K	-16K	-3K
Nov 29, 2018	-16K	-10K	-12K	-6K
Oct 30, 2018	-11K	-12K	-23K	1K
Sep 28, 2018	-23K	-9K	-10K	-14K
Aug 30, 2018	-8K	-8K	-6K
Jul 31, 2018	-6K	-10K	-14K	4K
Jun 29, 2018	-15K	-8K	-11K	-7K
May 30, 2018	-11K	-10K	-8K	-1K
Apr 27, 2018	-7K	-15K	-18K	8K
Mar 29, 2018	-19K	-15K	-23K	-4K
Feb 28, 2018	-22K	-17K	-25K	-5K
Jan 31, 2018	-25K	-16K	-30K	-9K
Jan 03, 2018	-29K	-13K	-20K	-16K
Nov 30, 2017	-18K	-10K	-12K	-8K
Nov 02, 2017	-11K	-10K	-22K	-1K
Sep 29, 2017	-23K	-5K	-6K	-18K
Aug 31, 2017	-5K	-6K	-9K	1K
Aug 01, 2017	-9K	-5K	6K	-4K
Jun 30, 2017	7K	-10K	-7K	17K
May 31, 2017	-9K	-15K	-15K	6K
May 03, 2017	-15K	-12K	-29K	-3K
Mar 31, 2017	-30K	-10K	-17K	-20K
Mar 01, 2017	-14K	-10K	-26K	-4K
Jan 31, 2017	-26K	-5K	-20K	-21K
Jan 03, 2017	-17K	-12K	-6K	-5K
Nov 30, 2016	-5K	-5K	-13K
Nov 02, 2016	-13K	-1K	1K	-12K
Sep 29, 2016	1K	-5K	-6K	6K
Aug 31, 2016	-7K	-5K	-8K	-2K
Jul 28, 2016	-7K	-3K	-6K	-4K
Jun 30, 2016	-6K	-5K	-10K	-1K
May 31, 2016	-11K	-5K	-16K	-6K
Apr 28, 2016	-16K	0K	-3K	-16K
Mar 31, 2016	0K	-7K	-9K	7K
Mar 01, 2016	-10K	-10K	-20K
Feb 02, 2016	-20K	-7K	-16K	-13K
Jan 05, 2016	-14K	-7K	-14K	-7K
Dec 01, 2015	-13K	-5K	-7K	-8K
Oct 29, 2015	-5K	-4K	1K	-1K
Sep 30, 2015	2K	-5K	-6K	7K
Sep 01, 2015	-7K	-2K	8K	-5K
Jul 30, 2015	9K	-5K	1K	14K
Jun 30, 2015	-1K	-5K	-5K	4K
Jun 02, 2015	-6K	-10K	-9K	4K