Austrian Labor Market Continues Downward Trend

Business › Economy ♦ Published: November 4, 2013; 21:41 ♦ (Vindobona)

Since mid-2012, the Austrian labor market conditions are worsening. Unemployment is going up, the number of vacancies are going down.

Austrian Labor Market Continues Downward Trend / Picture: © Wikimedia Commons / Alfred T. Palmer [Public Domain]

In October, the Austrian unemployment rate was up again. Compared to October 2012, the number of jobless persons was up by 11.8%. This corresponds to 30,400 persons. In total, 280,300 Austrians were unemployed at the end of October. Moreover, the number of trainees increased 10.7% to 80,720.

In total, 361,000 persons were looking for a job. Against October 2012, this is an…

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