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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
GERMAN DATA
MNI (London)
GERMANY MAR UNEMPLOYMENT RATE (SA) 5.0%; FEB 5.0%
GERMANY MAR UNEMPLOYMENT CHANGE (SA) -18K; FEB -32Kr
GERMANY MAR UNEMPLOYMENT TOTAL (SA) 2.298MN; FEB 2.316MNr
GERMANY MAR JOB VACANCIES (SA) +4K; FEB +11Kr
- Germany's March labour report came in largely as expected, with only the unemployment change seeing a slightly softer reduction of -18K (consensus forecast -20K), down from -32K seen in February.
- This is the softest unemployment reduction since April 2021, and below pre-pandemic levels as the German labour market becomes more saturated with pandemic recovery all but complete.
- The unemployment rate remained unchanged from February at 5.0%, which also represents the pre-pandemic level seen in the second half of 2019.
- Continued easing of Covid-related restrictions, in particular in the service industry, has boosted this month's labour data.
- The German Labour Office (Bundesargentur fuer Arbeit) noted that the initial impacts of the Ukraine war were not seen having labour market spillover effects.
Seasonally Adjusted Unemployed:
Source: Eurostat, Statistisches Bundesamt
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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