The unemployment rate in Austria decreased to 8.4 percent in February of 2019 from 9.1 percent in the corresponding month of the previous year. The number of unemployed persons went down by 21.3 thousand from a year ago, or 5.8 percent to 343.4 thousand. By gender, the number of women unemployed fell by 469.0 thousand to 137.1 thousand and the number of men unemployed declined by 20.8 thousand to 206.3 thousand. In January, the jobless rate was higher at 9 percent. Unemployment Rate in Austria averaged 4.97 percent from 1960 until 2019, 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.

Unemployment Rate in Austria is expected to be 7.70 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 8.50 in 12 months time. In the long-term, the Austria Unemployment Rate is projected to trend around 8.00 percent in 2020, according to our econometric models.

Austria Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-03 08:35 AM Unemployment Rate 7.6% 7.3% 7.4%
2019-01-02 07:50 AM Unemployment Rate 8.7% 7.6% 7.40%
2019-02-01 08:20 AM Unemployment Rate 9% 8.7% 7.00%
2019-03-01 08:30 AM Unemployment Rate 8.4% 9% 8.6%
2019-04-01 07:30 AM Unemployment Rate 8.4% 7.7%
2019-05-02 07:30 AM Unemployment Rate 7.4%
2019-06-03 07:30 AM Unemployment Rate 6.8%


Austria Labour Last Previous Highest Lowest Unit
Unemployment Rate 8.40 9.00 10.90 0.80 percent [+]
Employed Persons 3716.70 3725.50 3827.90 2302.70 Thousand [+]
Unemployed Persons 343400.00 367979.00 424989.00 22344.00 [+]
Long Term Unemployment Rate 1.30 1.40 2.10 0.90 percent [+]
Youth Unemployment Rate 8.40 8.90 13.30 5.00 percent [+]
Labour Costs 113.70 113.00 118.70 83.50 Index Points [+]
Job Vacancies 72280.00 68823.00 79575.00 11240.00 [+]
Wages 2688.92 2646.00 2688.92 1866.40 EUR/Month [+]
Wages in Manufacturing 138.30 138.20 138.30 75.89 Index Points [+]
Population 8.82 8.77 8.82 7.03 Million [+]
Retirement Age Women 60.00 60.00 60.00 60.00 [+]
Retirement Age Men 65.00 65.00 65.00 65.00 [+]
Labor Force Participation Rate 62.00 61.20 62.10 57.30 percent [+]
Living Wage Family 1560.00 1680.00 1680.00 1520.00 EUR/Month [+]
Living Wage Individual 1010.00 1080.00 1080.00 975.00 EUR/Month [+]
Part Time Employment 1134.40 1157.90 1184.60 553.50 Thousand [+]
Productivity 110.30 105.70 110.30 77.00 Index Points [+]
Wages Low Skilled 1660.00 1780.00 1800.00 1660.00 EUR/Month [+]
Wages High Skilled 3590.00 4010.00 4010.00 3590.00 EUR/Month [+]
Employment Change 0.30 0.50 0.70 -0.50 percent [+]
Employment Rate 73.80 73.00 73.80 65.30 percent [+]
Full Time Employment 3154.10 3082.10 3154.10 2796.40 Thousand [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
8.40 9.00 10.90 0.80 1960 - 2019 percent Monthly
NSA




Country Last Previous
South Africa 27.10 Dec/18
Spain 14.45 Dec/18
Turkey 13.50 Dec/18
Brazil 12.00 Jan/19
Italy 10.50 Jan/19
Argentina 9.00 Sep/18
France 8.80 Dec/18
Euro Area 7.80 Jan/19
India 6.10 Dec/18
Saudi Arabia 6.00 Sep/18
Canada 5.80 Feb/19
Indonesia 5.34 Sep/18
Australia 5.00 Jan/19
Russia 4.90 Feb/19
United Kingdom 3.90 Jan/19
China 3.80 Dec/18
United States 3.80 Feb/19
South Korea 3.70 Feb/19
Mexico 3.60 Jan/19
Netherlands 3.60 Jan/19
Germany 3.20 Jan/19
Switzerland 2.70 Feb/19
Japan 2.50 Jan/19
Singapore 2.20 Dec/18


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