At the end of January, the Public Employment Service (AMS) registered 445,513 people as unemployed or in training, including 365,746 unemployed and 79,767 in AMS training programs. Compared to the previous year, the number of unemployed and trainees increased by 5.8 percent or 24,306 people. The unemployment rate increased by 0.5 percentage points to 8.6 percent.

Unemployment: AMS does not expect recovery in the job market

"The tense economic situation across Europe continues to dominate the domestic job market, but the negative effects on the unemployment rate are less than in previous crises," said Labor Minister Martin Kocher (ÖVP) in a statement. The current January unemployment rate is "0.7 percentage points below the 10-year average". "A recovery of the job market or a decrease in unemployment is not to be expected in the coming months," commented AMS board member Petra Draxl on the current unemployment figures.

Largest increase in unemployment in the industry, decrease in construction

The largest increase in unemployed people and individuals in AMS training was at the end of January compared to the same month last year in goods production/industry (+14.6 percent). The increase was lower in trade (+8.4 percent), health and social services (+7.4 percent), hospitality and accommodation (+5.5 percent) and in temporary employment (+0.2 percent). The only decrease in unemployment was in construction, with -3 percent.

(APA/Red)

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