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Further Decline in Unemployment Rate

Published: June 1, 2011; 11:18 · (Vindobona)

Compared to May 2010, the number of unemployed persons decreased by 2.5%. In April, Austria recorded the lowest rate among all EU countries.

Further Decline in Unemployment Rate / Picture: © Vindobona.org

The continuing economic boom has caused a favorable development of the Austrian unemployment rate in May. 221,369 persons were registered as unemployed, which is a decrease by 2.5%. The number of people in training also decreased by 12,398 to now 65,780. 287,149 persons were still not employed, corresponding to a decline by 18,118 or 5.9% compared to May 2010. Since the opening of the labor market on May 1, the number of unemployed has fallen by 15,000. According to the Ministry of Social Affairs, an inrush of workforce from neighboring countries has not been registered.

The unemployment rate (Austrian calculation) was 6.1% (-0.3 percentage points) by the end of May. The rate in April was 4.2% (EU calculation), making Austria the number in the European Union together with the Netherlands. EU-average decreased slightly from 9.5% to 9.4%. The Austrian unemployment rate of young people was 8.7% in April.

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