The unemployment rate in Austria decreased to 8.7 percent in December 2018 from 9.4 percent in the same month of the previous year. The number of unemployed persons went down by 23 thousand to 355.637 thousand. By genders, the number of women unemployed fell by 5.71 thousand to 140.106 thousand and the number of men unemployed declined by 17.395 thousand to 215.531 thousand. Unemployment Rate in Austria averaged 4.96 percent from 1960 until 2018, 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 7.40 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 7.50 in 12 months time. In the long-term, the Austria Unemployment Rate is projected to trend around 7.70 percent in 2020, according to our econometric models.