Unemployment

It is one of the key indicators of German unemployment. The unemployment rate shows percentage of individuals in the labor force who are without a job but are seeking one. The indicator is calculated based on data for the last three months. The index is calculated on the basis of statistics on the number of applications for employment of unemployed persons in employment centers, and reflects the ongoing changes in the level of unemployment in the country. The indicator is very important for Germany and the Eurozone and, therefore, for the euro. It has a strong impact on the decisions made by politicians and the central bank.

• Release Frequency: monthly.
• Release Schedule: 08:55 GMT, 30-31th of the reporting period.
• Source: Federal Institute of Labour, Germany.