Economic downturn
Unemployment rises again in November
The economic downturn continues to have an impact on the Austrian labor market. At the end of November, around 384,000 people were registered as unemployed or in training with the Public Employment Service (AMS), an increase of over 31,400 people or 8.9 percent compared to the same month last year.
Kronen Zeitung als bevorzugte Google-Quelle hinzufügen The unemployment rate rose by 0.6 percentage points to 7.1 percent, as announced by the Ministry of Labor and Economic Affairs on Monday.
Kocher: "Economy weaker than expected"
"The global economy is weaker than expected in the forecasts, which is also having an impact on the Austrian labor market. As an export-oriented country, we are feeling the weak global demand and low growth in Germany more strongly than countries with lower export quotas," commented Labor Minister Martin Kocher (ÖVP) on the development.
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