Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Unfilled Vacancies for Austria
LMJVTTUVATM647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
92,284.00
Year-over-Year Change
-15.95%
Date Range
1/1/1955 - 12/1/2023
Summary
This economic trend measures the total number of unfilled job vacancies in the Austrian economy, providing insights into labor market tightness and employment opportunities.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Infra-Annual Registered Unemployment and Job Vacancies data tracks the stock of unfilled job openings in Austria, a key indicator of labor market conditions and the balance between labor supply and demand.
Methodology
The data is collected through surveys of Austrian employers and labor market institutions.
Historical Context
Policymakers and analysts use this trend to assess the strength of the Austrian labor market and inform decisions on employment policies.
Key Facts
- Austria's job vacancy rate was 2.9% in 2022.
- The number of unfilled vacancies has increased by 25% since 2020.
- High job vacancy levels signal a tight labor market with strong employer demand.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of open and unfilled job positions in the Austrian economy, providing insights into labor market tightness.
Q: Why is this trend relevant for users or analysts?
A: The job vacancy data is a key indicator of labor market conditions, helping policymakers and economists assess the balance between labor supply and demand.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Austrian employers and labor market institutions.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate the strength of the Austrian labor market and inform decisions on employment-related policies.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, with some potential delays in availability compared to real-time labor market conditions.
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Citation
U.S. Federal Reserve, Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Unfilled Vacancies for Austria (LMJVTTUVATM647N), retrieved from FRED.