Austria: Unemployment Rate Up Significantly

BusinessEconomy ♦ Published: January 2, 2013; 15:35 ♦ (Vindobona)

The stagnation remains a burden for the Austrian labor market. In December, the number of job-seekers was up by 6.9%.

Austria: Unemployment Rate Up Significantly / Picture: ©

At the end of December 2012, the number of unemployed persons grew by 6.0% compared to December 2011. As a result, 323,000 persons were actively looking for a job. Moreover, the number of trainees rose by 11.9% to 62,457. In total, the Austrian Ministry of Social Affairs recorded 385,438 jobseekers at the end of last month.

According to Austrian calculation methods, the national…