Labor and Economics Minister Martin Kocher (ÖVP) delivered the current unemployment figures from Austria on Thursday morning.
Around 320,600 people were registered with the AMS by the end of May. Of these, around 248,000 people are unemployed and around 72,500 are registered for training.
Increase compared to the previous year
Kocher explained that although this was a decrease compared to April, it was a slight increase compared to May 2022. He blames the weaker economy and specific effects for this. There was a decline among residents, but an increase among foreigners. This is partly due to the registration of people from Ukraine and the increased number of asylum seekers who have registered with the AMS.
The unemployment rate is currently 5.9 percent. In the same period of the previous year, this figure was 5.7 percent. Overall, however, the situation in Austria is “much better” than in the (corona) years before, according to 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,” explained Kocher during his presentation.