Austrian Unemployment Still Lowest in EU

BusinessEconomy ♦ Published: May 2, 2012; 13:32 ♦ (Vindobona)

The EU unemployment rate rose to 10.9% in March 2012 from 9.9% the year before. Since 2000, taxes on labor rose dramatically in Austria.

Austrian Unemployment Still Lowest in EU / Picture: ©

The euro area (EA17) seasonally-adjusted unemployment rate was 10.9% in March 2012, compared with 10.8% in February. It was 9.9% in March 2011. The EU27 unemployment rate was 10.2% in March 2012, stable compared with February. It was 9.4% in March 2011.

Eurostat estimates that 24.772 million men and women in the EU27, of whom 17.365 million were in the euro area, were unemployed…