46
Germany
Q4 2021
Total Labor Force (000s)
45,088
Employed Workers (000s) 43,555
Unemployed Workers (000s) 1,533
Unemployment Rate 3.4%
41,999
42,761
42,573
42,306
43,555
Q4 2019 Q2 2020 Q4 2020 Q2 2021 Q4 2021
3.1%
3.5%
4.5% 4.5%
3.4%
Q4 2019 Q2 2020 Q4 2020 Q2 2021 Q4 2021
71% - First Vaccine Dose
(December 2021)
Covid Update
Germany intends to
mandate vaccines for all
adults from February.
Health care workers must
be able to prove
vaccination from Covid by
March.
Fewer restrictions for
vaccinated and recovered
people.
20%
30%
19%
0%
25%
50%
75%
Employer Tax Profit Tax VAT
Germ any Regional Average
Other Cost Considerations - Tax
Indicative Wages (USD)
$4,675
$5,431
$10.96
$0
$5
$10
$15
$0
$2,500
$5,000
$7,500
Average Wage Manufacturing
Wage
Minimum Wage
Germ any Regional Average
Year on year wage inflation in June '21 was 3.0%.
It has been estimated that there were over 1.2 million job vacancies in November – the
Federal Employment Agency has suggested that 400K immigrants are needed.
Working Population (in Thousands) Over Time
Unemployment Rate Over Time
Labor Force Statistics
Hiring Demand Trend by Experience Level
TalentNeuron
Monthly Hourly
Key Sources:
https://wageindicator.org/
https://ilostat.ilo.org/
https://www.worldbank.org/
https://tradingeconomics.com/
https://home.kpmg/xx/en/home.html
https://taxsummaries.pwc.com/
https://ec.europa.eu/eurostat
https://www.destatis.de/EN/
