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Lowest unemployment rate since 2008

Lowest unemployment rate since 2008

Of these, 65,653 people were in training, the Ministry of Labor announced on Monday. The unemployment rate at the end of the year was 7.4 percent. Calculated over the year as a whole, the unemployment rate was 6.3 percent. According to the ministry, this is the lowest value since 2008. “The positive development is also confirmed by a year-on-year comparison: at the end of 2021, 27,507 more people were unemployed or in training than at present,” said Economics Minister Martin Kocher (ÖVP) according to the announcement. “At the end of 2020, unemployment was 146,048 people higher than at the end of 2022. At the end of 2019, before the start of the corona pandemic in Austria, the number was 33,001 people higher than now. This shows that the labor market is still very robust despite the challenges is.”

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Source: Nachrichten

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