Labor and Economics Minister Martin Kocher (ÖVP) delivered the present unemployment figures from Austria on Thursday morning.
Around 320,600 folks have been registered with the AMS by the tip of May. Of these, round 248,000 individuals are unemployed and round 72,500 are registered for coaching.
Increase in comparison with the earlier yr
Kocher defined that though this was a lower in comparison with April, it was a slight improve in comparison with May 2022. He blames the weaker economic system and particular results for this. There was a decline amongst residents, however a rise amongst foreigners. This is partly because of the registration of individuals from Ukraine and the elevated variety of asylum seekers who’ve registered with the AMS.
The unemployment charge is at the moment 5.9 p.c. In the identical interval of the earlier yr, this determine was 5.7 p.c. Overall, nonetheless, the scenario in Austria is “much better” than within the (corona) years earlier than, in accordance with Kocher. “Of course, positive effects on the labor market are weaker this year than in the previous year, which was characterized by an extraordinarily good economic and labor market development due to the economic slowdown,” defined Kocher throughout his presentation.
Source: www.nationalturk.com
