The unemployment rate in Austria increased to 8.7 percent in October of 2020 from 7 percent in the corresponding period of the previous year, amid the lingering effects of the Covid-19 crisis. The number of people registered as unemployed rose by 70,363 to 358,396. In September, the jobless rate was slightly lower at 8.4 percent. source: Public Employment Service Austria (AMS)

Unemployment Rate in Austria averaged 5.07 percent from 1960 until 2020, reaching an all time high of 12.80 percent in April of 2020 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 November of 2020.

Unemployment Rate in Austria is expected to be 14.50 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 14.50 in 12 months time. In the long-term, the Austria Unemployment Rate is projected to trend around 13.50 percent in 2021 and 8.00 percent in 2022, according to our econometric models.

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Austria Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
8.70 8.40 12.80 0.80 1960 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-08-03 08:30 AM Jul 9.2% 10.1% 12%
2020-09-01 09:00 AM Aug 9% 9.2% 10.5%
2020-10-01 08:00 AM Sep 8.4% 9% 8.8%
2020-11-02 09:00 AM Oct 8.7% 8.4% 8.8%
2020-12-01 09:00 AM Nov 8.7%
2021-01-04 08:30 AM Dec
2021-02-03 08:25 AM Jan
2021-03-02 08:40 AM Feb


News Stream
Austria Jobless Rate Rises to 8.7% in October
The unemployment rate in Austria increased to 8.7 percent in October of 2020 from 7 percent in the corresponding period of the previous year, amid the lingering effects of the Covid-19 crisis. The number of people registered as unemployed rose by 70,363 to 358,396. In September, the jobless rate was slightly lower at 8.4 percent.
2020-11-02
Austria Jobless Rate Climbs to 8.4% in September
The unemployment rate in Austria increased to 8.4 percent in September of 2020 from 6.7 percent in the corresponding period of the previous year. The number of people registered as unemployed rose by 74,809 to 346,907. In August, the jobless rate was higher at 9 percent.
2020-10-01
Austria Jobless Rate Jumps to 9% in August
The unemployment rate in Austria increased to 9 percent in August 2020 from 6.7 percent in the corresponding period of the previous year. It was the highest jobless rate for an August month on record, amid the coronavirus crisis. The number of people registered as unemployed advanced by 33.2 percent to 371,893. In July, the jobless rate was higher at 9.2 percent.
2020-09-01
Austria Jobless Rate Rises to 9.2% in July
The unemployment rate in Austria climbed to 9.2 percent in July of 2020 from 6.5 percent in the same period of the previous year. The number of people registered as unemployed went up by 41.3 percent to 383,951. In June, the jobless rate was higher at 10.1 percent.
2020-08-03

Austria Unemployment Rate
In Austria, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.