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.