Pandemic pushes Austrian unemployment to all-time high

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There are now 10 times more jobseekers than vacancies in Austria. coronavirus

SHOPPERS. People walk in the shopping street 'Getreidegasse' in the old town in Salzburg, Austria, on May 2, 2020. Photo by Barbara Gindl/APA/AFPhas pushed the number of unemployed Austrians to historically high levels, according to official figures released on Monday, May 4, with a year-on-year rise of almost 60%.brought in to combat it – means 571,477 people are now out of work, Austria's AMS employment service said.

The unemployment rate, which in Austria is calculated to include those in training, stood at 12.8% at the end of April, up from 8.1% in February. AMS said in a statement that"all sectors, all regions, and all age groups" had been affected by the slowdown. There are now 10 times more jobseekers than vacancies, which are themselves down a third year-on-year.

The hardest-hit industries are hotels and restaurants, which have seen a 130% rise in unemployment, and construction, where the figure is 98%.Austria moved into a lockdown to restrict the virus' spread relatively early in mid-March, and is now in the process of progressively lifting restrictions on movement.– Rappler.com

 

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