Austria Records Highest Unemployment of All Times

Business › Economy ♦ Published: February 1, 2013; 15:45 ♦ (Vindobona)

With 410,000 job-seekers, unemployment has never been higher. Nevertheless, Austria has the lowest unemployment quota in the EU.

Austria Records Highest Unemployment of All Times / Picture: © Vindobona.org

Austria´s unemployment was up by 6.9% in January. This was mainly due to the weak economic development. Moreover, the weather conditions caused a substantial increase in unemployment in the construction sector.

In total, the number of unemployed persons rose by 6.4% to 338,400 persons. As a result, the number of unemployed workers was up by 20,394. Moreover, the number of…

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