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- Germany unemployment fell slightly in March
Germany unemployment fell slightly in March
According to the report from Federal Employment Agency, unemployment fell by 72,000 from February to March to 2,301,000. Adjusted for seasonal influences, a fall of 7,000 is calculated for March compared to the previous month. Compared to the previous year, 157,000 fewer people were registered as unemployed. The unemployment rate fell by 0.2 percentage points to 5.1 percent. Compared to March of last year, it has decreased by 0.4 percentage points. The unemployment rate calculated by the Federal Statistical Office according to the ILO employment concept was 3.1 percent in February.
Underemployment, which also includes people in relieving labor market policies and short-term incapacity for work, fell 9,000 from a seasonally adjusted month ago. Overall, underemployment in March 2019 was 3,254,000. That was 185,000 less than a year ago.
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