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.

Austria Unemployment Rate
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Calendar GMT Actual Previous Consensus 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 [+]


Austria Unemployment Rate

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




Country Last Previous
South Africa 29.00 Jun/19
Spain 14.02 Jun/19
Turkey 13.00 Jun/19
Brazil 11.80 Jul/19
Argentina 10.10 Mar/19
Italy 9.90 Jul/19
France 8.50 Jun/19
Euro Area 7.50 Jul/19
India 6.00 Dec/18
Canada 5.70 Aug/19
Saudi Arabia 5.60 Jun/19
Australia 5.30 Aug/19
Indonesia 5.01 Mar/19
Russia 4.30 Aug/19
United Kingdom 3.80 Jul/19
Mexico 3.70 Jul/19
United States 3.70 Aug/19
China 3.61 Jun/19
Netherlands 3.40 Jul/19
South Korea 3.10 Aug/19
Germany 3.00 Jul/19
Japan 2.20 Jul/19
Singapore 2.20 Jun/19
Switzerland 2.10 Aug/19


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