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Annual average unemployment rate in Germany from 1995 to 2014
|Years from 1995 to 2014||Unemployment rate|
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This statistic shows the annual average unemployment rate in Germany from 1995 to 2014. In 2014*, the annual average unemployment rate in Germany was at 6.8 percent.
The unemployment rate shows the share of unemploed people in potential employees available for the job market. It is calculated as follows: Number of unemployed persons : (Number of unemployed persons + number of employed persons) = unemployment rate (in percent).
Unemployment rate in Germany and in the EU
The status of being unemployed is defined as when an employed person is laid off, fired or quits his work and is still looking for a job. Even in a healthy economy unemployment occurs. If former employed persons go back to school or leave the job to take care of children they are not defined as unemployed. Unemployment can be a result of advanced technology, when machines replace worker tasks. Sometimes unemployment is caused by job outsourcing, when a company gets insolvent. Large unemployment is also caused when consumer demands gets down and companies loose profit.
The average unemployment rate in of the European Union stood at 10.3 percent in May 2014. With a seasonally adjusted unemployment rate of 25.1 percent, Spain is the country with the highest unemployment rate in May 2014. Germany and Austria are ranked as countries with the lowest unemployment rate in May 2014.
With an estimated unemployment rate of 10.5 percent, France is ranked as the state with the highest unemployment rate in major industrial and emerging countries. While in Germany, the estimated unemployment rate was 5.3 percent.
Unemployment benefit payments in Germany are only paid, if you are unemployed and worked for the last 12 months. Otherwise there is Arbeitslosengeld II, also called Hartz IV, which distributes social payments to people without an income who cannot work to make a living. In 2014, 4,400,643 people received Arbeitslosengeld II on average.
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