Austria Unemployment Rate 2020

Unemployment refers to the share of the labor force that is without work but available for and seeking employment.

Austria unemployment rate 2020. Oecd unemployment rate falls to 77 in july 2020 but remains 25 percentage points higher than in february 09092020 the oecd area unemployment rate fell to 77 in july 2020 from 80 in june but remained 25 percentage points above the rate in february before the covid 19 pandemic hit the. Austrias unemployment rate increased to 552 in sep 2020 from the previously reported number of 544 in aug 2020. Austrias unemployment rate is updated monthly available from jan 1993 to sep 2020 with an average rate of 463. The unemployment rate in austria increased to 87 percent in october of 2020 from 7 percent in the corresponding period of the previous year amid the lingering effects of the covid 19 crisis.

The number of people registered as unemployed rose by 70363 to 358396. In september the jobless rate was slightly lower at 84 percent. Austria has some fiscal room to absorb the pandemic shock owing to its recent record of fiscal prudence. The data reached an all time high of 626 in may 2016 and a record low of 340 in apr 2001.

Austria unemployment rate for 2019 was 467 a 017 decline from 2018. Youth unemployment rate in austria averaged 851 percent from 1994 until 2020 reaching an all time high of 1340 percent in january of 2004 and a record low of 5 percent in october of 1999. In october 2020 the unemployment rate in austria amounted to 87 percent by national definition. The general government has recorded budget surpluses in 2018 and 2019 and the stock of debt has declined sharply to 705 of gdp in 2019 from a.

Try our corporate solution for free. Austria unemployment rate 1991 2020. Austria unemployment rate for 2018 was 485 a 065 decline from 2017.