The unemployment rate in Austria fell to 6.7 percent in July of 2021 from 9.2 percent in the corresponding month of the previous year. It was the lowest jobless rate in the country since September of 2019, amid the ongoing economic recovery from the pandemic crisis and helped by the lifting of restrictions. The number of people registered as unemployed declined by 101,266 to 282,685, the lowest figure since September of 2019. In June, the jobless rate was slightly higher at 7 percent. 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 August of 2021.
Unemployment Rate in Austria is expected to be 7.50 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.