Austria: Massive Increase in Unemployment

Politics ♦ Published: February 3, 2014; 10:29 ♦ (Vindobona)

At the beginning of February, 450,000 Austrians were jobless. In absolute terms, is a new record high.

Austria: Massive Increase in Unemployment / Picture: ©

Compared to February 2013, the number of unemployed persons was up by 9.5%. Already in January, director of the Austrian labor market authority (AMS) Johannes Kopf said that the coming figures are “scaring”.

In total, 370,000 unemployed were actively looking for a job. Moreover, 80,000 persons are currently in training. The number of employed persons rose by 0.5% to 3,420,000…