Austria: Remarkable Growth in Long-Term Unemployment

BusinessEconomy ♦ Published: December 3, 2012; 18:24 ♦ (Vindobona)

In November, the unemployment quota grew by 6.7%. Above all, time workers and social care workers are affected.

Austria: Remarkable Growth in Long-Term Unemployment / Picture: © Wikimedia Commons / The Communist International (based on an artwork by Boris Kustodiev, d. 1927) [Creative Commons CC0 1.0 Universal Public Domain Dedication]

In November, the unemployment number was up by 23,000 people. At the end of November, 270,400 persons were unemployed. Moreover, 74,085 persons participated in training lessons. In total, 34,521 persons were looking for a job. This is an increase by 7.2%. According to Eurostat definition, the Austrian unemployment quota comes at 4.3%.

Against November 2011, the number of…

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