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Unemployment

Slovakian Unemployment on the Rise

In July, Slovakia´s unemployment quota rose by 0.12 percentage points to 13.27%.

August 21, 2012

Austrian Economy to Stagnate

Domestic economy set to stagnate in the third quarter – chances of a slight upswing towards the end of 2012. Thanks to a good first half of the year, economic growth will come in at around 1 per cent in 2012.

August 18, 2012

Crisis in European Union Weakens Austria

The economic crisis in the Eurozone is a major burden for the Austrian economy. The real economy begins to weaken.

August 9, 2012

Slovakia: Rating Confirmed by S&P

The U.S. rating agency Standard & Poor´s reiterates Slovakia´s A/A-1 rating. The outlook is is still „stable“. Slovakia´s labor market data are less promising, however.

August 6, 2012

Considerable Rise in Unemployment

In July, the Austrian unemployment was up by 8.7%. In total, 286,000 persons had no job last month.

August 3, 2012

Czech Republic: Erste Group´s CEO Advises Against Introducing the Euro

According to Andreas Treichl, the Czech Republic should not enter the Eurozone now.

August 2, 2012

New Unemployment Record in Eurozone

The Euro area unemployment rate came at 11.2% in June 2012. Austria leads the ranking.

July 31, 2012

Industrial Activity in Austria Contracts

For the first time this year, the production output declines dramatically. Moreover, a drop in orders – especially foreign orders – leads to a persistent decline in employment figures

July 31, 2012

IHS: Austria Grows Faster Than Eurozone

The Austrian Institute of Advanced Studies expects an average economic growth of 1.7% until 2017.

July 26, 2012

Poland as CESEE´s Locomotive

This year, the CESEE region should record a growth rate of 1.7%. However, the situation is highly different.

July 25, 2012

Aiginger: „Feeding Banks Makes No Sense“

The director of WIFO (Austrian Institute of Economic Research) thinks that Spanish banks must be able to become insolvent.

July 24, 2012

Bulgaria Aims to Join Eurozone

Bulgaria´s Finance Minister Simeon Djankov underlines the importance of the banking supervision and the Fiscal Pact, but wants to keep the fiscal competence.

July 16, 2012

EU – An Escape for Serbia?

The economic prospects for Serbia are gloomy. The priority of the new Serbian government is to join the European Union.

July 14, 2012

Austria Leads European Employment Rankings

Regarding regional unemployment and total unemployment, Austria ranks first. The youth unemployment rate is the second-lowest in the EU.

July 4, 2012

Gloomy Growth Prospects for Austria

Bank Austria cuts its growth prospects for Austria. Instead of a GDP growth of 2.0% in 2013, the analysts now expect economic growth to reach 1.5%.

June 16, 2012

Austrian Labor Market: Rise in Employment

More employees and fewer self-employed in the first quarter of 2012; decrease in unemployment and job vacancies.

June 14, 2012

Austrian Central Bank Expects Economic Stabilization

Austria´s budget deficit is expected to decrease, the economic growth should increase slightly.

June 11, 2012

Rising Unemployment – Industry Claims More Flexibility

Among the EU member states, Austria has still the lowest unemployment quota. Compared to May 2011, the number of unemployed persons rose by 5.1%.

June 1, 2012

More than 300,000 Unemployed

The situation of theAustrian labor market remains tensioned. At the end of May, 300,000 persons did not have a job.

June 1, 2012

The Euro – A Big Error (Part 2)

The system of the common currency has failed to work, but is still kept alive artificially. The euro brings enormous difficulties to stronger as well as weaker European economies.

May 23, 2012

The Euro – A Big Error (Part 1)

The system of the common currency has failed to work, but is still kept alive artificially. The euro brings enormous difficulties to stronger as well as weaker European economies.

May 20, 2012

Economic Indicator: Slow Recovery Expected

The Bank Austria business indicator indicates a slight upward trend. In the second quarter, economic growth is expected to reach 0.2%.

May 16, 2012

Keuschnigg Worries About Austria´s Competitiveness

The new director of IHS (Institute of Advanced Studies) Christian Keuschnigg suggests reforming the Austrian labor market. The welfare state would be too sophisticated.

May 15, 2012

Eder: „Not Making Mistakes of UK and USA“

The CEO of Austria´s largest steel producer voestalpine warns of a de-industrialization in Europe. Today, the UK and the USA would regret their decisions of the past.

May 14, 2012

„Combining Austerity and Growth Measures“

The Austrian Minister of Economics and the President of the Austrian Chamber of Commerce claim a European growth strategy without turning down austerity policies.

May 11, 2012

Austrian Unemployment Still Lowest in EU

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.

May 2, 2012

Unemployment Rises by 6.7%

In Austria, the number of unemployed persons rose up to 321,817 in April. Simultaneously, employment reaches a new record level.

May 1, 2012

Austrian Industry Maintains Recovery

On the one hand: strong employment growth was observed. On the other: falling orders and suggest a tough few months ahead for industry.

April 28, 2012

Austrian Economy on Moderate Growth Course

Bank Austria Forecasts table growth until summer followed by chances of an upswing. Austria could achieve GDP growth of 0.8 percent in 2012 and 2 percent in 2013.

April 16, 2012

Austrian Unemployment on the Rise

Within the Eurozone, Austria´s unemployment rate is still the lowest at 4.2%. Against March 2011, domestic unemployment rose by 4.4%.

April 2, 2012

Austrian Industry Running Increasingly Smoothly

The Austrian industry has potential: positive surprise still possible despite tight earnings situation caused by high commodity prices. Export orders rise strongly again.

March 30, 2012

Economic Upswing for Austria?

The economic research institutes IHS and WIFO anticipate that the Austrian economy accelerates by summer 2012. Both warn of “too much euphoria”, however.

March 29, 2012

Unemployment of Older Aged Workers Increases Disproportionately

The Austrian labor market registers a rise both in employment and unemployment of persons aged beyond 50. Especially unemployment of male persons aged beyond 50 rises dramatically.

March 17, 2012

WIFO Forecasts Economic Stabilization

The Austrian Institute of Economic Research (WIFO) expects a slight improvement in the Austrian economic development. Upward indicators become more significant.

March 9, 2012

Rise in Austrian Unemployment Rate

At the end of February, 380,000 persons were unemployed. This is a rise of 5.2%. At the EU level, Austria´s unemployment rate is still the lowest.

March 1, 2012

Austrian Industry: „Austerity Package Brings Excessive Rise in Labor Costs“

For the Federation of Austrian Industries (IV), the austerity package causes an enormous rise in labor costs for entrepreneurs.

February 25, 2012

Problems on European Level as Burden for Austria

Over the last months, the European economy lost its impetus, which is a major burden for the Austrian economy.

February 9, 2012

Rise in Unemployment at Construction Industry Expected

Due to the worse economic forecasts, the trade union expects more unemployed persons in the construction industry.

February 1, 2012

Austria Still With Lowest Unemployment Rate in EU

Euro area unemployment rate stands at 10.4%. Austria has second-lowest youth unemployment rate.

January 31, 2012

Austerity: Leitl and Sorger Call for More Effort

The Presidents of the Federation of Austrian Industries (IV) and the Chamber of Commerce (WKÖ) aim for re-gaining the “AAA” for Austria. The government should cut expenses instead of rising taxes.

January 27, 2012

Erste Group: “Debt Crisis Continues”

According to the Austrian bank, the sovereign debt crisis in the euro-zone remains. Stagnation is expected for the next years.

January 25, 2012

Low Growth Rates Expected after 2012

In a medium-term forecast, the Austrian Institute of Economic Research (WIFO) expects only very decent economic growth rates.

January 23, 2012

Signs for Economic Stabilization

The Austrian Central Bank (OeNB) sees signs that the economic downturn trend can be stopped. A small growth in 2012 could be possible.

January 17, 2012

Austrian Labor Market is Stable

The Minister of Social Affairs, Rudolf Hundstorfer, strikes a balance of the labor market in 2011 and refers to the lowest unemployment rate in the EU.

January 15, 2012

Austrian Has Lowest Unemployment Rate in EU

Euro area unemployment rate at 10.3%, EU27 at 9.8%. Austria ranks first with 4.0%. Regarding youth unemployment, only the German unemployment rate is lower.

January 7, 2012

Rising Costs for Labor Market Service

The Austrian Labor Market Service (AMS) offered less trainings in 2011. However, costs rose up to € 455m. The AMS management faces critics.

January 4, 2012

Worsening Economic Outlook for 2012

Economists and analysts expect a massive fall in Austrian economic growth for 2012.

January 4, 2012

Slight Decrease in Unemployment

In December 2011, the Austrian unemployment rate was 8.2%, which is slightly below the previous year´s level.

January 2, 2012

Austrian Unemployment Fell Significantly

The Austrian labor market records more employees. The number of unemployed decreased, vacancies were going down in the third quarter of 2011.

December 17, 2011

Only 0.3% GDP Growth in Third Quarter

The Austrian GDP stagnates, which is due to decrease in domestic consumption. The only positive impetus comes from the export industry.

December 9, 2011