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Austria: Unemployment Rate at Record High

Published: January 2, 2014; 16:57 · (Vindobona)

Last year the unemployment rate in Austria recorded its highest level in 60 years.

Austria: Unemployment Rate at Record High / Picture: © Flickr

The average unemployment of 7.6 percent (domestic calculations) was the second highest in the history of the Second Republic. Only in the year 1953 the unemployment rate was higher, standing at 8.7 percent. However, in absolute terms, the number of unemployed persons has never been as high. Moreover, the unemployment rate increased by 10.2 percent compared to 2012 when a quota of seven…

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