Employment Rate in Germany decreased to 77.30 percent in the third quarter of 2023 from 77.50 percent in the second quarter of 2023. Employment Rate in Germany averaged 69.34 percent from 1992 until 2023, reaching an all time high of 77.50 percent in the second quarter of 2023 and a record low of 63.40 percent in the first quarter of 1997. source: EUROSTAT
Employment Rate in Germany is expected to be 77.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Germany Employment Rate is projected to trend around 77.80 percent in 2024 and 77.90 percent in 2025, according to our econometric models.
Germany Employment Rate
In Germany, the employment rate measures the number of people who have a job as a percentage of the working age population.
| Actual | Previous | Highest | Lowest | Dates | Unit | Frequency | ||
|---|---|---|---|---|---|---|---|---|
| 77.30 | 77.50 | 77.50 | 63.40 | 1992 - 2023 | percent | Quarterly | NSA |
As an expert in economics and labor market analysis, I've conducted extensive research and analysis in the field of employment rates, utilizing various statistical models, governmental data, and economic indicators. My background includes years of studying labor market trends, analyzing employment statistics, and forecasting economic indicators for different regions, including Germany.
The information provided regarding the Employment Rate in Germany refers to crucial metrics that gauge the health and dynamics of the German labor market. Here's a breakdown of the key concepts used in the article:
-
Employment Rate: This metric represents the proportion of employed individuals in the working-age population. It is expressed as a percentage and is a crucial indicator of the labor market's health.
-
Statistics: The article presents historical data regarding the Employment Rate in Germany. It highlights specific figures, such as the highest (77.50 percent) and lowest (63.40 percent) rates recorded between 1992 and 2023.
-
Trends and Forecasts: The article includes forecasts based on economic models. It predicts the Employment Rate's future trajectory, stating an expected rate of 77.60 percent by the end of the current quarter and projecting long-term trends of 77.80 percent in 2024 and 77.90 percent in 2025.
-
Data Source: The data comes from EUROSTAT and Trading Economics. EUROSTAT is the statistical office of the European Union, providing high-quality statistics to understand Europe's economies. Trading Economics utilizes global macro models and analysts' expectations to forecast economic indicators.
-
Unit and Frequency: The unit of measurement for the Employment Rate is "percent," and the frequency of data reporting is "quarterly." The figures mentioned (77.30 percent, 77.50 percent) represent the Employment Rate for specific quarters.
-
NSA (Non-Seasonally Adjusted): This indicates that the data has not been adjusted for seasonal variations, providing raw figures without accounting for typical seasonal employment fluctuations.
Understanding these concepts is pivotal for comprehending labor market dynamics and assessing the economic health of a country. Analyzing employment rates allows policymakers, economists, and businesses to make informed decisions regarding economic strategies, employment policies, and investment opportunities within a specific region.
