The unemployment rate in Austria rises to 7.4% in March
Vienna on April 2 / WAM / The unemployment rate registered in Austria during the month of March reached 7.4%, and the number of unemployed and participants in training programs increased by 27 thousand and 400 people, to reach 397 thousand and 100 people, compared to the same month on an annual basis.
The economic slowdown, which has continued since 2023, continued to negatively affect the labor market in the month of March, where the trade and industry sectors in particular were affected, which contributed to the rise in the number of unemployed to 316 thousand and 300 people, and the record of about 80 thousand and 700 people in training courses organized by the Labor Office.
The latest official figures showed an encouraging development in the construction sector, as the number of unemployed in this sector decreased by 15.4% or 203 people to 1118 people compared to March last year.
Johannes Copef, head of the Employment Authority and Labor Offices, explained that the unemployment rate increased at the end of last March by about 0.5% to 7.4%, noting that “the industry and trade are still especially affected by the economic slowdown.”
For her part, Corina Shoman, Minister of Labor and Social Affairs, confirmed that the labor market measures listed in the new government program aim to restore the unemployed and job seekers to work as soon as possible.
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