{"format":"alysly-page/1","url":"https://alysly.com/interest-rates/labor-market/","json":"https://alysly.com/json/interest-rates/labor-market/index.json","lang":"en-US","title":"Unemployment Rate Germany and US | Labor Market History","description":"Seasonally adjusted unemployment rates for Germany (Eurostat) and the US (FRED) side by side, with full history.","modified":"2026-09-01T00:00:00Z","alternates":[{"lang":"de-DE","url":"https://alysly.com/de/zinsen/arbeitsmarkt/","json":"https://alysly.com/json/de/zinsen/arbeitsmarkt/index.json"}],"about":"Machine-readable version of the page at url. It contains the text, tables and key figures published there, but not the interactive charts and tools.","breadcrumb":[{"name":"Rates & inflation","url":"https://alysly.com/interest-rates/"},{"name":"Labor Market: Germany and the US","url":"https://alysly.com/interest-rates/labor-market/"}],"content":[{"type":"heading","level":1,"text":"Labor Market: Germany and the US"},{"type":"paragraph","text":"Unemployment is the business-cycle indicator with the greatest influence on monetary policy decisions. For investors it is mainly a leading signal for rate turns: when unemployment rises materially, central banks usually cut — lifting bond prices and supporting equity valuations."},{"type":"facts","items":[{"label":"Germany unemployment rate","value":"4.10%"},{"label":"US unemployment rate","value":"4.20%"}]},{"type":"paragraph","text":"As of September 2026 · series since Jan 1, 1999 (333 observations) · change vs previous +0.00."},{"type":"facts","items":[{"label":"All-time high","value":"11.20%"},{"label":"All-time low","value":"2.90%"},{"label":"Data starts","value":"Jan 1, 1999"},{"label":"Frequency","value":"monthly"}]},{"type":"paragraph","text":"Data note 1","href":"#dn-1"},{"type":"heading","level":2,"text":"History by Year"},{"type":"table","caption":"Year-end values","columns":["Year","Germany unemployment rate","US unemployment rate"],"rows":[["2026","4.10","4.20"],["2025","3.90","4.40"],["2024","3.50","4.10"],["2023","3.20","3.80"],["2022","3.10","3.50"],["2021","3.40","3.90"],["2020","3.80","6.70"],["2019","3.10","3.60"],["2018","3.10","3.90"],["2017","3.40","4.10"],["2016","3.70","4.70"],["2015","4.20","5.00"],["2014","4.60","5.60"],["2013","4.80","6.70"],["2012","5.00","7.90"],["2011","5.20","8.50"],["2010","6.10","9.30"],["2009","7.20","9.90"],["2008","7.10","7.30"],["2007","8.10","5.00"],["2006","9.40","4.40"],["2005","10.70","4.90"],["2004","10.70","5.40"],["2003","9.80","5.70"],["2002","9.20","6.00"]]},{"type":"heading","level":2,"text":"Relationship With Equity Markets"},{"type":"paragraph","text":"Correlation of changes, not of levels. Two series that both trend for years correlate almost perfectly in levels without any relationship following from it. Values near 0 mean no discernible co-movement."},{"type":"table","caption":"Correlations","columns":["Series","Strongest relationships"],"rows":[["Germany unemployment rate","Nikkei 225 +0.06 n=200 · Bitcoin +0.04 n=109 Based on monthly changes"],["US unemployment rate","Bitcoin +0.11 n=108 · Nikkei 225 +0.05 n=199 Based on monthly changes"]]},{"type":"heading","level":2,"text":"Matching Calculators"},{"type":"paragraph","text":"These tools work with exactly these figures:"},{"type":"list","ordered":false,"items":[{"text":"Monte Carlo Savings Simulator A savings plan with fluctuating instead of steady returns: 2,000 simulated paths show the …","href":"https://alysly.com/tools/monte-carlo/"},{"text":"ETF Portfolio Backtester Historical performance of a mix of stock indices, gold, oil, currencies and crypto: annual …","href":"https://alysly.com/tools/backtest/"}]},{"type":"heading","level":2,"text":"More Rate and Economy Series"},{"type":"paragraph","text":"ECB Policy Rate Inflation in Germany and the Euro Area German Mortgage Rates German Savings Rates Government Bond Yields US Rates and Economy","links":[{"text":"ECB Policy Rate","href":"https://alysly.com/interest-rates/ecb-policy-rate/"},{"text":"Inflation in Germany and the Euro Area","href":"https://alysly.com/interest-rates/inflation/"},{"text":"German Mortgage Rates","href":"https://alysly.com/interest-rates/mortgage-rates/"},{"text":"German Savings Rates","href":"https://alysly.com/interest-rates/savings-rates/"},{"text":"Government Bond Yields","href":"https://alysly.com/interest-rates/bond-yields/"},{"text":"US Rates and Economy","href":"https://alysly.com/interest-rates/us-rates/"}]},{"type":"paragraph","text":"Updated Sep 1, 2026"},{"type":"heading","level":2,"id":"note-legend-h","text":"Data Notes"},{"type":"paragraph","text":"How the figures on this page are produced and how current they are. All calculations run automatically and are not investment advice."},{"type":"list","ordered":true,"items":[{"id":"dn-1","text":"Official time series, taken unchanged; the change column is the gap to the previous value."}]},{"type":"paragraph","text":"Data and methodology: Alysly · Responsible for content: Alexander Bock","links":[{"text":"Alysly","href":"https://alysly.com/methodology/"},{"text":"Alexander Bock","href":"https://alysly.com/about/"}]},{"type":"paragraph","text":"View all data notes","href":"https://alysly.com/notes/"}],"structured_data":[{"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://alysly.com/#org","name":"Alysly","url":"https://alysly.com/","logo":{"@type":"ImageObject","url":"https://alysly.com/img/icon-512.png","width":512,"height":512},"description":"Data-driven insights, transparent analysis and powerful tools for long-term investors.","email":"mail@alysly.com","contactPoint":{"@type":"ContactPoint","contactType":"customer support","email":"mail@alysly.com","availableLanguage":["de","en"]},"address":{"@type":"PostalAddress","addressLocality":"Haltern am See","postalCode":"45721","addressCountry":"DE"},"founder":{"@id":"https://alysly.com/#founder"},"sameAs":["https://www.linkedin.com/company/alyslycom/","https://www.youtube.com/@alyslycom","https://x.com/alyslycom"],"publishingPrinciples":"https://alysly.com/methodology/"},{"@type":"Person","@id":"https://alysly.com/#founder","name":"Alexander Bock","jobTitle":"Founder and data analyst","url":"https://alysly.com/about/","sameAs":["https://www.linkedin.com/in/abxk/"]},{"@type":"WebSite","@id":"https://alysly.com/#site","url":"https://alysly.com/","name":"Alysly","alternateName":"Alysly Investment Analysis","inLanguage":"en-US","publisher":{"@id":"https://alysly.com/#org"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://alysly.com/markets/stocks/browse/?q={search_term_string}"},"query-input":"required name=search_term_string"}},{"@type":"WebPage","@id":"https://alysly.com/interest-rates/labor-market/#webpage","url":"https://alysly.com/interest-rates/labor-market/","name":"Labor Market: Germany and the US – Alysly","description":"Seasonally adjusted unemployment rates for Germany (Eurostat) and the US (FRED) side by side, with full history.","inLanguage":"en-US","isPartOf":{"@id":"https://alysly.com/#site"},"dateModified":"2026-09-01T00:00:00Z","publisher":{"@id":"https://alysly.com/#org"},"mainEntity":{"@id":"https://alysly.com/interest-rates/labor-market/#entity"},"primaryImageOfPage":{"@type":"ImageObject","url":"https://alysly.com/og.png","width":1200,"height":630}}]},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Rates & inflation","item":"https://alysly.com/interest-rates/"},{"@type":"ListItem","position":2,"name":"Labor Market: Germany and the US"}]},{"@context":"https://schema.org","@type":"Dataset","@id":"https://alysly.com/interest-rates/labor-market/#entity","name":"Germany unemployment rate","description":"Seasonally adjusted unemployment rates for Germany (Eurostat) and the US (FRED) side by side, with full history.","url":"https://alysly.com/interest-rates/labor-market/","inLanguage":"en-US","license":"© Eurostat, freie Weiterverwendung mit Quellenangabe","creator":{"@type":"Organization","name":"Eurostat","url":"https://ec.europa.eu/eurostat/databrowser/view/une_rt_m"},"publisher":{"@id":"https://alysly.com/#org"},"isAccessibleForFree":true,"temporalCoverage":"1999-01-01/2026-09-01","dateModified":"2026-09-01","measurementTechnique":"Official statistics","variableMeasured":{"@type":"PropertyValue","name":"Germany unemployment rate","unitText":"%","value":4.1,"measurementTechnique":"Eurostat"}}],"notice":"© 2026 Alysly.com. Not investment advice. All data without guarantee. Financial information is analyzed and presented partly with AI assistance."}