The unemployment rate in Austria retreated to 7.0 percent in June of 2021 from 10.0 percent in the corresponding month of the previous year. It was the lowest jobless rate in the country since October of 2019, amid the ongoing economic recovery from the pandemic downturn and the lifting of restrictions. The latest figure pointed to the fourth straight month of declines, as the number of unemployed shrank by 125,904 to 288,862. Youth unemployment in Austria went down by 21,721 to 23,596, while the unemployed population aged 50 or above decreased by 24,825 to 99,948. source: Public Employment Service Austria (AMS)
Unemployment Rate in Austria averaged 5.11 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 July 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. 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 7.90 percent in 2022 and 8.00 percent in 2023, according to our econometric models.