Unemployment in Austria

Austria Unemployment | Economic News & Forecasts

Austria - Unemployment

The economic impact of the war in Ukraine will increasingly be felt during Q2; Austrian banks have close ties with Russia, which is also an important market for the country’s industrial exports. The rate of growth in industrial production already began to slow in March and is likely to weaken further during Q2, as the war has both exacerbated supply chain constraints and undermined demand. Although April’s manufacturing PMI showed both a robust improvement in operating conditions and positive business confidence, this is unlikely to last. Moreover, rising commodity prices and uncertainty arising from the war are weighing heavily on consumer sentiment, which will be negatively affecting household spending. Meanwhile, in a May report, the European Commission highlighted the public finances, the labor market and an over-reliance on fossil fuels as key areas for the government to address.

Austria - Unemployment Data

2015   2016   2017   2018   2019  
Unemployment Rate5.8  6.0  5.5  4.9  4.5  

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Austria Unemployment Chart


Austria Unemployment
Note: Unemployment in % of active population.
Source: Austrian National Bank.

Austria Facts

Value Change Date
Bond Yield0.030.40 %Jan 01
Exchange Rate1.120.65 %Dec 31

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