Austria Unemployment Rate

The unemployment rate in Austria decreased to 6.7 percent in August of 2019 from 7 percent in the corresponding month of the previous year, as the number of unemployed persons fell by 9.015 thousand, or 3.1 percent to 279.171 thousand. Among genders, the jobless rate was higher for woman (at 9.1 percent) than for men (at 6.4 percent). In July, the jobless rate was lower at 6.5 percent. Unemployment Rate in Austria averaged 4.99 percent from 1960 until 2019, 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 6.50 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 6.20 in 12 months time. In the long-term, the Austria Unemployment Rate is projected to trend around 8.00 percent in 2020, according to our econometric models.

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Calendar	GMT		Actual	Previous	TEForecast
2019-06-03	07:30 AM	Unemployment Rate May	6.8%	7.3%	6.8%
2019-07-01	07:30 AM	Unemployment Rate Jun	6.5%	6.8%	6.5%
2019-08-01	07:30 AM	Unemployment Rate Jul	6.5%	6.5%	6.5%
2019-09-02	07:30 AM	Unemployment Rate Aug	6.7%	6.5%	6.6%
2019-10-01	07:30 AM	Unemployment Rate Sep		6.7%	6.5%
2019-11-01	08:30 AM	Unemployment Rate Oct			6.9%
2019-12-02	08:30 AM	Unemployment Rate Nov			7.3%

Austria Labour	Last	Previous	Highest	Lowest	Unit
Unemployment Rate	6.70	6.50	10.90	0.80	percent	[+]
Employed Persons	3827.30	3794.50	3827.90	2302.70	Thousand	[+]
Unemployed Persons	279171.00	271777.00	424989.00	22344.00		[+]
Long Term Unemployment Rate	1.20	1.20	2.10	0.90	percent	[+]
Youth Unemployment Rate	9.40	9.20	13.40	5.00	percent	[+]
Labour Costs	121.00	114.70	121.00	83.50	Index Points	[+]
Job Vacancies	81906.00	83413.00	84473.00	11240.00		[+]
Wages	2688.92	2646.00	2688.92	1866.40	EUR/Month	[+]
Wages in Manufacturing	107.70	107.70	138.30	75.89	Index Points	[+]
Population	8.82	8.77	8.82	7.03	Million	[+]
Retirement Age Women	60.00	60.00	60.00	60.00		[+]
Retirement Age Men	65.00	65.00	65.00	65.00		[+]
Wages Low Skilled	1660.00	1780.00	1800.00	1660.00	EUR/Month	[+]
Wages High Skilled	3590.00	4010.00	4010.00	3590.00	EUR/Month	[+]
Labor Force Participation Rate	61.00	61.50	62.10	57.30	percent	[+]
Living Wage Family	1560.00	1680.00	1680.00	1520.00	EUR/Month	[+]
Living Wage Individual	1010.00	1080.00	1080.00	975.00	EUR/Month	[+]
Productivity	105.80	106.00	110.30	77.00	Index Points	[+]
Part Time Employment	1161.80	1157.50	1184.60	553.50	Thousand	[+]
Employment Change	0.20	0.20	0.80	-0.50	percent	[+]
Employment Rate	72.70	73.30	73.80	65.30	percent	[+]
Full Time Employment	3065.30	3102.60	3154.10	2796.40	Thousand	[+]

In Austria, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. 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 - actual data, historical chart and calendar of releases - was last updated on September of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	6.70	6.50	10.90	0.80	1960 - 2019	percent	Monthly	NSA

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Country	Last		Previous	Range
South Africa	29.00	Jun/19	27.6	31.2 : 21.5	%
Spain	14.02	Jun/19	14.7	26.94 : 4.41	%
Turkey	13.00	Jun/19	12.8	14.8 : 7.3	%
Brazil	11.80	Jul/19	12	13.7 : 6.2	%
Argentina	10.10	Mar/19	9.1	20.8 : 5.9	%
Italy	9.90	Jul/19	9.8	13.1 : 5.8	%
France	8.50	Jun/19	8.7	10.7 : 7.2	%
Euro Area	7.50	Jul/19	7.5	12.1 : 7.3	%
India	6.00	Dec/18	5	8.3 : 3.53	%
Canada	5.70	Aug/19	5.7	13.1 : 2.9	%
Saudi Arabia	5.60	Jun/19	5.7	6.3 : 4.35	%
Australia	5.30	Aug/19	5.2	11.2 : 4	%
Indonesia	5.01	Mar/19	5.34	11.24 : 2	%
Russia	4.30	Aug/19	4.5	14.1 : 4.3	%
United Kingdom	3.80	Jul/19	3.9	12 : 3.4	%
Mexico	3.70	Jul/19	3.6	6.42 : 2.22	%
United States	3.70	Aug/19	3.7	10.8 : 2.5	%
China	3.61	Jun/19	3.67	4.3 : 3.61	%
Netherlands	3.40	Jul/19	3.4	7.9 : 3.3	%
South Korea	3.10	Aug/19	4	7.1 : 3	%
Germany	3.00	Jul/19	3.1	11.5 : 0.4	%
Japan	2.20	Jul/19	2.3	5.5 : 1	%
Singapore	2.20	Jun/19	2.2	6 : 1.4	%
Switzerland	2.10	Aug/19	2.1	5.7 : 1.5	%