Austrian Unemployment Up, but Lowest in EU

BusinessEconomy ♦ Published: August 31, 2012; 23:09 ♦ (Vindobona)

In July, the Euro area unemployment rate came at 11.3%. Austria´s youth unemployment rate is the second-lowest.

Austrian Unemployment Up, but Lowest in EU / Picture: © Vindobona.org

The euro area1 (EA17) seasonally-adjusted unemployment rate was 11.3% in July 2012, stable compared with June. It was 10.1% in July 2011. The EU27 unemployment rate was 10.4% in July 2012, also stable compared with June4. It was 9.6% in July 2011.

Eurostat estimates that 25.254 million men and women in the EU27, of whom 18.002 million were in the euro area, were unemployed in…