The jobless rate in Austria declined to 8.1 percent in November of 2021 from 11 percent in the corresponding month of the previous year, amid the ongoing economic recovery from the pandemic crisis. The number of people registered as unemployed declined by 123,406 to 336,276. source: Public Employment Service Austria (AMS)
Unemployment Rate in Austria averaged 5.13 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 January of 2022.
Unemployment Rate in Austria is expected to be 8.00 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 2023 and 8.00 percent in 2024, according to our econometric models.