The unemployment rate in Austria declined to 6.9 percent in August of 2021 from 8.9 percent in the corresponding month of the previous year, amid the ongoing economic recovery from the pandemic crisis, helped by the vaccination campaign and the lifting of restrictions. The number of people registered as unemployed dropped by 85,616 to 286,277, of which, youth unemployment shrank by 12,617 to 27,178. On the other hand, long-term unemployment went up by 9,467 to 75,014 people. source: Public Employment Service Austria (AMS)
Unemployment Rate in Austria averaged 5.12 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 September of 2021.
Unemployment Rate in Austria is expected to be 6.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Austria Unemployment Rate is projected to trend around 7.90 percent in 2022 and 8.00 percent in 2023, according to our econometric models.