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Unemployment Continued to Decline in November

Published: December 1, 2010; 12:36 · (Vindobona)

Both the number of unemployed and trainees show a decline.

Unemployment Continued to Decline in November / Picture: © AMS

Compared with November 2009, unemployment fell by 5.2%. Therefore, there were 13,400 less people seeking work than a year ago. Similarly, training participation in the courses of the AMS (Work Market Service ) is on the decline, as 5,680 fewer people were in training courses. This decline is a decrease of 7.2%. The number of trainees is currently 73,100.

The number of unemployed and persons in training was 317,500. Therefore there are 19,000 less people affected, setting the unemployment rate to a level of 6.7%, based on national statistics. Compared with November 2009, this means a reduction of 0.4 percentage points.

Seasonally adjusted, the declines however are slightly reduced. In July, 20,700 fewer unemployed were reported; in September there were 20,400. The total number of jobs increased by 60,000, representing a new record.

Men were benefited more than women by the drop in unemployment (8.4% against 1.3%). Young people whose unemployment decreased by 8.4%), benefited significantly more than older workers (-0.3%).

The strongest decline in unemployment are reported in industry (-27%), construction (-6.6%) and trade (-5.9%). Regionally, unemployment rose only in the federal capital; all other provinces reported a decrease.

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