In August, 320,759 people were registered as unemployed or in training with the AMS. Compared to the previous year, this means an increase in the number of job seekers by 11,328 people, the Ministry of Labor and Economy announced on Friday.
The unemployment rate rose to 6.1 percent. At the end of August 2022, this was still 5.9 percent.
Positive development among the long-term unemployed
Overall, however, the labor market appears to be robust despite the weaker economic momentum, said Labor Minister Martin Kocher (ÖVP) on current figures. Particularly gratifying is the development of long-term unemployment, which has almost halved since its peak in April 2021, when it stood at 148,436 people, and currently stands at 75,251 people.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
