Unemployment Rate in Austria averaged 5.11 percent from 1960 until 2021, 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 May of 2021.
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 12.80 in 12 months time. In the long-term, the Austria Unemployment Rate is projected to trend around 10.80 percent in 2022 and 8.00 percent in 2023, according to our econometric models.