Unemployment Rate in Austria Soars to 6.5%

According to government figures, the rates of unemployment in Austria have soared to 6.5% in June from 6.3% in May. It has happened after four straight monthly falls.

According to figures from Eurostat, the rate was 4.9% in April, which was the lowest unemployment rate in the Europe. Data of Eurostat is calculated on a different basis.

However, since the first quarter of 2012, the Austrian economy has not grown. Demands for its exports have been hit by weak conditions in the rest of the Eurozone. Eurostat is the EU's statistical office. According to its report, the Euro Area seasonally-adjusted unemployment was up from 12.0% in April to 12.1% in May 2013.

Within the 27 European member states, the average unemployment rate was 10.9%. The rate was stable in comparison to the previous month. Croatia was included in the 27 European member countries, as it was not a member during the time the research was conducted.

The Netherlands, Austria, Portugal, Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Luxembourg, Malta, Slovenia, Slovakia and Finland are the countries the Euro area consists of.

As per the estimates of Eurostat, 26.405 million men and women are in the EU27. Nearly 19.222 million among them were unemployed in May 2013 in the euro area.


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