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Germany EUR

Germany Unemployed Persons NSA

Impact:
Low
Source: Bundesagentur für Arbeit

Latest Release:

Date:
Actual:
2.8M
Forecast: 2.8M
Previous/Revision:
2.843M
Period: May
What Does It Measure?
The Germany Unemployed Persons NSA (not seasonally adjusted) measures the total number of individuals who are actively seeking work but are unable to find employment, explicitly indicating labor market health. This indicator assesses primary components such as labor market dynamics, unemployment trends, and overall economic activity within Germany.
Frequency
The Germany Unemployed Persons NSA is released monthly, typically providing preliminary estimates that can be revised in future reports, with data usually published on the first working day of the month following the reporting period.
Why Do Traders Care?
This unemployment indicator is crucial as it directly reflects the health of Germany's economy and its labor market, influencing financial markets significantly. A higher-than-expected unemployment figure could lead to negative sentiment towards the euro (EUR) and German stocks, while lower figures generally foster positive expectations regarding economic stability.
What Is It Derived From?
The data is derived from surveys conducted by the Federal Employment Agency in Germany, which collects information from registered jobseekers. This calculation involves tracking the number of unemployed individuals, including various demographic groups and geographic regions, to provide a comprehensive view of labor market conditions.
Description
The Germany Unemployed Persons NSA data is important as it represents the current state of unemployment without adjusting for seasonal fluctuations, thus providing a clear and immediate picture of labor market conditions. As it is a measure of current employment status, it serves as a coincident indicator, reflecting real-time labor market dynamics.
Additional Notes
This unemployment measure can be compared with related indicators such as the unemployment rate and job vacancy statistics to assess deeper economic trends. It is recognized as a coincident economic measure, reflecting immediate conditions and trends as they relate to broader economic patterns both domestically and globally.
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.

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 Time Actual Forecast Previous Surprise
Jun 02, 2015
2.8M
 2.8M
2.843M