Austrian Unemployment on the Rise

Politics ♦ Published: November 1, 2011; 15:36 ♦ (Vindobona)

In spite of its low level compared to other EU-countries, the number of unemployed persons increased up to 300.000 in October.

Austrian Unemployment on the Rise / Picture: ©

In October 2011, the Austrian Labor Market Service (AMS) reported an unemployment rate of 6.4%. According to the calculations of Eurostat, the quota amounts to 3.9%. Thus, unemployment is on the rise again. The Ministry of Social Affairs announced that this is the first rise since 19 months.

Against October 2010, the number of unemployed rose by 3.9%, which is an increase by…