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).

Most recent - Wednesday, 28 May 07:55

Previous
4K
Revised
-
Forecast
11K
Actual
34K

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

Next event - Tuesday, 1 July 07:55

Previous
34K
Forecast
-
Actual
-

The typical/expected impact on EUR pairs is medium.

There is no forecast value for Unemployment Change yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Unemployment Change was 34K against a forecast of 11K.

Past events

Date
Forecast
Actual
28 May 2025 07:55
11K
34K
30 April 2025 07:55
20K
4K
28 March 2025 08:55
10K
26K
28 February 2025 08:55
15K
5K
31 January 2025 08:55
14K
11K
3 January 2025 08:55
15K
10K
29 November 2024 08:55
20K
7K
30 October 2024 08:55
15K
27K
27 September 2024 07:55
12K
17K
30 August 2024 07:55
16K
2K
31 July 2024 07:55
15K
18K
28 June 2024 07:55
15K
19K
4 June 2024 07:55
10K
25K
30 April 2024 07:55
7K
10K
28 March 2024 08:55
10K
4K
29 February 2024 08:55
7K
11K
31 January 2024 08:55
11K
-2K
3 January 2024 08:55
20K
5K
30 November 2023 08:55
22K
22K
2 November 2023 08:55
15K
30K
29 September 2023 07:55
15K
10K
31 August 2023 07:55
10K
18K
1 August 2023 07:55
15K
-4K
30 June 2023 07:55
13K
28K
31 May 2023 07:55
15K
9K
28 April 2023 07:55
10K
24K
31 March 2023 07:55
0K
16K
1 March 2023 08:55
19K
2K
31 January 2023 08:55
5K
-15K
3 January 2023 08:55
15K
-13K
30 November 2022 08:55
13K
17K
2 November 2022 08:55
15K
8K
30 September 2022 07:55
20K
14K
31 August 2022 07:55
28K
28K
29 July 2022 07:55
15K
48K
30 June 2022 07:55
-6K
133K

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:

PreviousLatest
Consumer Price Index (MoM)Bearish change0.4%0.1%
Consumer Price Index (YoY)(no change)2.1%2.1%
Harmonized Index of Consumer Prices (MoM)Bearish change0.5%0.2%
Harmonized Index of Consumer Prices (YoY)Bearish change2.2%2.1%
Consumer Price Index (EU Norm) (YoY)Bearish change2%1.9%
Consumer Price Index (YoY)Bearish change1.9%1.7%
Gross Domestic Product (QoQ)(no change)0.3%0.3%
Gross Domestic Product (YoY)Bullish change0.6%0.7%
Harmonized Index of Consumer Prices (YoY)Bearish change2.2%1.9%
Retail Sales (MoM)Bearish change0.9%-1.1%
Retail Sales (YoY)Bearish change3.3%2.3%
Unemployment Rate s.a.(no change)6.3%6.3%
Business ClimateBullish change-0.66-0.55
Consumer Confidence(no change)-15.2-15.2
Economic Sentiment IndicatorBullish change93.694.8
Consumer Price Index (EU norm) (YoY)Bearish change0.9%0.6%
GfK Consumer Confidence SurveyBullish change-20.8-19.9
Gross Domestic Product (QoQ)Bullish change0.2%0.4%
Gross Domestic Product (YoY)Bullish change-0.2%0%
Gross Domestic Product w.d.a (YoY)Bullish change-0.4%-0.2%
IFO – Business ClimateBullish change86.987.5
IFO – Current AssessmentBearish change86.486.1
IFO – ExpectationsBullish change87.488.9
HCOB Composite PMIBearish change50.449.5
HCOB Manufacturing PMIBullish change4949.4
HCOB Services PMIBearish change50.148.9
HCOB Composite PMIBearish change50.148.6
HCOB Manufacturing PMIBullish change48.448.8
HCOB Services PMIBearish change4947.2
HCOB Composite PMIBullish change47.848
HCOB Manufacturing PMIBullish change48.749.5
HCOB Services PMIBullish change47.347.4
Consumer ConfidenceBullish change-16.7-15.2
Producer Price Index (MoM)Bullish change-0.7%-0.6%
Producer Price Index (YoY)Bearish change-0.2%-0.9%
Core Harmonized Index of Consumer Prices (MoM)(no change)1%1%
Core Harmonized Index of Consumer Prices (YoY)(no change)2.7%2.7%
Harmonized Index of Consumer Prices (MoM)(no change)0.6%0.6%

About Unemployment Change

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