The unemployment rate in Austria increased to 11.4 percent in January of 2021 from 8.7 percent in the corresponding month of the previous year, amid the impact of tighter lockdown restrictions. It was the highest jobless rate since May, as the number of unemployed increased by 112,995 to 468,330. In November, the jobless rate was slightly lower at 11 percent. Since December 26th, Austria has been in its third national lockdown, with non-essential shops and many other businesses closed and their staff unable to work. source: Public Employment Service Austria (AMS)
Unemployment Rate in Austria averaged 5.09 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 February of 2021.
Unemployment Rate in Austria is expected to be 15.00 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 13.50 in 12 months time. In the long-term, the Austria Unemployment Rate is projected to trend around 13.50 percent in 2022 and 8.00 percent in 2023, according to our econometric models.