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Unemployment
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
Austria Considers to Employ South Europeans
Especially the tourism and the construction industries are ready to take on high-skilled workers from Spain, Greece or Portugal.
December 8, 2011
Economic Stability: Austria Occupies Top Rank
According to a study by Allianz, Austria has the third rank among the EU countries.
December 7, 2011
Unemployment Up by 3.7% in November
More than 321,000 persons were registered with the Austrian Labor Market Service in November. The number of employed persons increased by 59,000.
December 1, 2011
Austria’s Unemployment Rate Is the Lowest in the EU
The EU27 unemployment rate was 9.8% in October, compared with 9.7% in September 2011 and 9.6% in October 2010
November 30, 2011
OECD: 2012 Brings Stagnation
The OECD forecasts only a 0.6% growth rate for Austria. The euro-zone will experience a recession.
November 28, 2011
Economic Downturn Becomes More Obvious
Due to the strong development in the first half year, Austria´s economic growth will amount to 2.9% in 2011. However, for 2012 the growth rate will decrease significantly.
November 16, 2011
WIFO Sees Growing Signs of Economic Slowdown
The research institute expects a substantial decline in Austria’s GDP growth rate. Companies have already lowered their expectations for the months to come.
November 10, 2011
Austrian Unemployment on the Rise
In spite of its low level compared to other EU-countries, the number of unemployed persons increased up to 300.000 in October.
November 1, 2011
Nationalization of Banks Not Excluded Anymore
According to the Minister of Economics, Reinhold Mitterlehner, in the worst case scenario a partly nationalization of banks could take place.
October 31, 2011
Austria Keeps Lowest Unemployment Rate in EU
The EU27 unemployment rate was 9.7% in September 2011, compared with 9.6% in August4. It was 9.6% in September 2010. Austria leads the official statistics.
October 31, 2011
Slight Increase in Unemployment
Austria´s unemployment grew by 1.9% in September 2011. The main reason is the lower number of trainings.
October 1, 2011
Wifo/IHS: 2012 Brings Collapse of Economic Growth
The research institutes cut their growth forecasts for the Austrian economy by 50%. Unemployment numbers are expected to increase.
September 30, 2011
IMF: Austrian Growth Slabs
The IMF expects the Austrian economy to grow by 3.3% in 2011. Next year, GDP growth should fall to 1.6%.
September 20, 2011
Employment Numbers Rose in the Second Quarter
Number of employed increased, number of unemployed decreased, more vacancies in the second quarter of 2011.
September 15, 2011
August Brings First Rise in Unemployment Rate in 17 Months
First signs of a weakening labor market: The number of unemployed rose by 0.4% to 219,247 in August. Job vacancies were down 6.7%.
September 1, 2011
Austria Confirms Top Ranking in EU Unemployment Statistics
The Austrian unemployment rate continued to decline in July. It dropped to 3.7% from 3.9% in June.
August 31, 2011
Decline in Unemployment Rate Continues
The number of unemployed fell by 4% to 262,904 in July. The positive development has lasted for 17 months already.
August 1, 2011
AMS Announces New Record in Job Vacancies
The number of vacancies increased by 9.7% in the first half of 2011. Nearly all industries and provinces contributed to the development.
July 12, 2011
OECD Calls for Reforms and Increased Efficiency
The OECD expects growth of 2.9% in 2011 and a further decline in the unemployment rate. To maintain the country’s performance the study recommends reforms in many areas.
July 11, 2011
New Employment Record in June
The number of unemployed fell by 2.3% to 268,866 in June. The positive development has lasted for 16 months already.
July 1, 2011
Austrian Labor Market Relatively Stable during Crisis
A recent study shows: The labor market has weathered the economic crisis. Politicians and companies have taken the right decisions.
June 24, 2011
Labor Market Continues Strong Development
The number of employed, vacancies, and full-time jobs increased in the first quarter of 2011. The feared inrush of job seekers from Eastern Europe did not materialize.
June 16, 2011
Majority of Enterprises Satisfied with Business Development
According to the Economic Chamber’s business barometer, the climate for investments has improved further. Enterprises worry about labor force availability.
June 15, 2011
Further Decline in Unemployment Rate
Compared to May 2010, the number of unemployed persons decreased by 2.5%. In April, Austria recorded the lowest rate among all EU countries.
June 1, 2011
Strong Upswing in Austria
Indicators point to a strong and dynamic economic recovery. Surveys of local companies in the manufacturing sector reflect great optimism concerning the course their business is taking.
May 10, 2011
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