The unemployment rate in Austria decreased to 8.1 percent in February of 2020 from 8.4 percent in the same month of the previous year, as the number of unemployed went down by 9.413 thousand to 333.987 thousand. In January, the jobless rate came higher at 8.7 percent.
Unemployment Rate in Austria averaged 5.01 percent from 1960 until 2020, reaching an all time high of 10.90 percent in January of 2016 and a record low of 0.80 percent in August of 1974. This page provides the latest reported value for - Austria Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Austria Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on March of 2020.
Unemployment Rate in Austria is expected to be 8.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Austria to stand at 10.30 in 12 months time. In the long-term, the Austria Unemployment Rate is projected to trend around 9.60 percent in 2021 and 8.00 percent in 2022, according to our econometric models.