The unemployment rate in Austria declined to 7.3 percent in October 2018 from 7.9 percent in the same month of the previous year. The number of unemployed persons decreased by 19.5 thousand to 296.2 thousand. By genders, the number of women unemployed fell by 5.2 thousand to 141.9 thousand and the number of men unemployed went down by 14.3 thousand to 154.3 thousand. Unemployment Rate in Austria averaged 4.95 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.