Austrian Labor Market is Stable

People ♦ Published: January 15, 2012; 20:29 ♦ (Vindobona)

The Minister of Social Affairs, Rudolf Hundstorfer, strikes a balance of the labor market in 2011 and refers to the lowest unemployment rate in the EU.

Austrian Labor Market is Stable / Picture: © Wikimedia Commons / Arne Müseler / [CC BY-SA 3.0 de (]

For Hundstorfer, the situation of the Austrian labor market is „remarkably stable“. The Minister also refers to the difficult economic framework conditions and the opening of the labor market to workers from Eastern Europe. “With an average unemployment rate of 4.0% Austria has the lowest rate in Europe.”, Hundstorfer announces proudly.

On average, 310,000 persons were…