The difficult economic situation in Austria is also reflected in the labor market. The number of unemployed continued to increase in March. Almost 400,000 people were unemployed at the Labor Market Service (AMS) or in training at the end of the month – 7.4 percent more than in March 2024.
However, unemployment is increasing “not as strong as the economically tense situation,” says AMS board member Johannes Kopf in a statement. “According to Kopf, industry and trade and trade are still particularly affected by the economic depth.
According to the figures published today, around 397,100 people were registered for the AMS or in training at the end of March, of which 316,300 were unemployed and around 80,700 in training measures of the AMS. Compared to the same month last year, the number of unemployed and participants in the training has increased by 7.4 percent – ie 27,400 people.
The unemployment rate increased by 0.5 percentage points to 7.4 percent at the end of March. The unemployment figures in Austria have increased in Austria. The unemployment figures usually only decrease in the case of an economic revival.
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.
