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.