FX.co ★ Austria Jobless Rate Hits 6-Month High

Austria’s unemployment rate inched up to 7.3% in October, an increase of 0.1 percentage points compared with the same month a year earlier. The total number of unemployed rose by 3,999 year-on-year to 314,499. The unemployment rate for women climbed to 7.5%, corresponding to 150,647 individuals, while the rate for men and other genders increased to 7.2%, or 163,852 individuals.

When participants in training programs are included, the combined number of unemployed persons and those in training reached 389,941, up 1.8% from a year earlier. The number of female training participants who were unemployed rose by 7%, whereas the figure for men and other genders declined by 5.2%. Long-term unemployment also remained high: the number of people unemployed for more than 12 months grew by 18.1% to 56,924.