Unemployment Change

The Unemployment Change released by the Bundesagentur für Arbeit and published by the German Statistics Office is a measure of the absolute change in the number of unemployed people in Germany using seasonally adjusted data.. A rise in this indicator has negative implications for consumer spending, as there’s less people working and therefore diminishes economic growth in the country. Generally, a reading above expected is seen as negative (or bearish) for the EUR, while a low reading is seen as positive (or bullish).

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Most recent - Friday 29 August 2025 07:55

Revised

Forecast

10K

Actual

-9K

Higher numbers than forecast tend to be bullish for EUR/xxx pairs and bearish for xxx/EUR pairs.

Trading range

Forecast history

The most recent announced value for Unemployment Change was -9K against a forecast of 10K.

Past events

Date

Forecast

Actual

Friday 29 August 2025 07:55

10K

-9K

Thursday 31 July 2025 07:55

15K

Tuesday 1 July 2025 07:55

15K

11K

Wednesday 28 May 2025 07:55

11K

34K

Wednesday 30 April 2025 07:55

20K

Friday 28 March 2025 08:55

10K

26K

Friday 28 February 2025 08:55

15K

Friday 31 January 2025 08:55

14K

11K

Friday 3 January 2025 08:55

15K

10K

Friday 29 November 2024 08:55

20K

Wednesday 30 October 2024 08:55

15K

27K

Friday 27 September 2024 07:55

12K

17K

Friday 30 August 2024 07:55

16K

Wednesday 31 July 2024 07:55

15K

18K

Friday 28 June 2024 07:55

15K

19K

Tuesday 4 June 2024 07:55

10K

25K

Tuesday 30 April 2024 07:55

10K

Thursday 28 March 2024 08:55

10K

Thursday 29 February 2024 08:55

11K

Wednesday 31 January 2024 08:55

11K

-2K

Wednesday 3 January 2024 08:55

20K

Thursday 30 November 2023 08:55

22K

Thursday 2 November 2023 08:55

15K

30K

Friday 29 September 2023 07:55

15K

10K

Thursday 31 August 2023 07:55

10K

18K

Tuesday 1 August 2023 07:55

15K

-4K

Friday 30 June 2023 07:55

13K

28K

Wednesday 31 May 2023 07:55

15K

Friday 28 April 2023 07:55

10K

24K

Friday 31 March 2023 07:55

16K

Wednesday 1 March 2023 08:55

19K

Tuesday 31 January 2023 08:55

-15K

Tuesday 3 January 2023 08:55

15K

-13K

Wednesday 30 November 2022 08:55

13K

17K

Wednesday 2 November 2022 08:55

15K

Friday 30 September 2022 07:55

20K

14K

Wednesday 31 August 2022 07:55

28K

Economic context

Recent economic data has been broadly neutral for EUR. Other recent announcements which may affect the market's interpretation of the next Unemployment Change result:

		Previous	Latest
Consumer Price Index (MoM)	Bearish change	0.3%	0.1%
Consumer Price Index (YoY)	Bullish change	2%	2.2%
Harmonized Index of Consumer Prices (MoM)	Bearish change	0.4%	0.1%
Harmonized Index of Consumer Prices (YoY)	Bullish change	1.8%	2.1%
Consumer Price Index (EU Norm) (YoY)	(no change)	1.7%	1.7%
Consumer Price Index (YoY)	Bearish change	1.7%	1.6%
Gross Domestic Product (QoQ)	(no change)	-0.1%	-0.1%
Gross Domestic Product (YoY)	(no change)	0.4%	0.4%
Unemployment Rate s.a.	(no change)	6.3%	6.3%
Harmonized Index of Consumer Prices (YoY)	(no change)	2.7%	2.7%
Consumer Price Index (EU norm) (YoY)	Bearish change	0.9%	0.8%
Retail Sales (MoM)	Bearish change	1%	-1.5%
Retail Sales (YoY)	Bearish change	4.9%	1.9%
Consumer Confidence	(no change)	-15.5	-15.5
Economic Sentiment Indicator	Bearish change	95.7	95.2
Business Climate	Bearish change	-0.71	-0.72
GfK Consumer Confidence Survey	Bearish change	-21.7	-23.6
IFO – Business Climate	Bullish change	88.6	89
IFO – Current Assessment	Bearish change	86.5	86.4
IFO – Expectations	Bullish change	90.8	91.6
Gross Domestic Product (QoQ)	Bearish change	-0.1%	-0.3%
Gross Domestic Product (YoY)	Bearish change	0.4%	0.2%
Gross Domestic Product w.d.a (YoY)	Bearish change	0%	-0.2%
Consumer Confidence	Bearish change	-14.7	-15.5
HCOB Composite PMI	Bullish change	50.9	51.1
HCOB Manufacturing PMI	Bullish change	49.8	50.5
HCOB Services PMI	Bearish change	51	50.7
HCOB Composite PMI	Bullish change	50.6	50.9
HCOB Manufacturing PMI	Bullish change	49.1	49.9
HCOB Services PMI	Bearish change	50.6	50.1
HCOB Composite PMI	Bullish change	48.6	49.8
HCOB Manufacturing PMI	Bullish change	48.2	49.9
HCOB Services PMI	Bullish change	48.5	49.7
Core Harmonized Index of Consumer Prices (MoM)	(no change)	-0.2%	-0.2%
Core Harmonized Index of Consumer Prices (YoY)	(no change)	2.3%	2.3%
Harmonized Index of Consumer Prices (MoM)	(no change)	0%	0%
Producer Price Index (MoM)	Bearish change	0.1%	-0.1%
Producer Price Index (YoY)	Bearish change	-1.3%	-1.5%

About Unemployment Change

Country:	Germany
Currency:	EUR
Source:	Federal Statistics Office of Germany
Category:	Labor Market
Frequency:	Monthly

Related events

	Australia		Unemployment Rate s.a.
	Australia		Employment Change s.a.
	Canada		Unemployment Rate
	Canada		Net Change in Employment
	New Zealand		Unemployment Rate
	New Zealand		Employment Change
	United Kingdom		Employment Change
	United Kingdom		ILO Unemployment Rate (3M)
	United Kingdom		Claimant Count Change
	United States		Nonfarm Payrolls
	United States		ADP Employment Change
	United States		Average Hourly Earnings (MoM)
	United States		Average Hourly Earnings (YoY)
	Australia		Wage Price Index (QoQ)
	Australia		Part-Time Employment
	Australia		Participation Rate
	Australia		Full-Time Employment
	Canada		Average Hourly Wages (YoY)
	Germany		Unemployment Rate s.a.
	Eurozone		Unemployment Rate
	Eurozone		Employment Change (QoQ)
	Japan		Labor Cash Earnings (YoY)
	Japan		Unemployment Rate
	New Zealand		Participation Rate
	New Zealand		Labour Cost Index (QoQ)
	United Kingdom		Claimant Count Rate
	United Kingdom		Average Earnings Including Bonus (3Mo/Yr)
	United Kingdom		Average Earnings Excluding Bonus (3Mo/Yr)
	United States		ISM Manufacturing Employment Index
	United States		Unit Labor Costs
	United States		Personal Income (MoM)
	United States		Nonfarm Payrolls Benchmark Revision
	United States		ISM Services Employment Index
	United States		Unemployment Rate
	United States		Nonfarm Productivity
	United States		JOLTS Job Openings
	United States		Initial Jobless Claims
	United States		Challenger Job Cuts
	United States		Labor Force Participation Rate
	United States		U6 Underemployment Rate
	United States		Employment Cost Index

Calendar - Unemployment Change - Germany