Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Austria
LMUNRRTTATM156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.53
Year-over-Year Change
6.16%
Date Range
1/1/1955 - 11/1/2023
Summary
This economic trend measures the total number of registered unemployed individuals in Austria, providing insight into the labor market and economic conditions.
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: Total Economy: Registered Unemployment for Austria series tracks the monthly count of registered unemployed persons in the country, a key indicator of labor market dynamics and overall economic performance.
Methodology
The data is collected through Austria's public employment service, which tracks and reports on registered unemployment figures.
Historical Context
This trend is closely monitored by policymakers, economists, and labor market analysts to assess the health of the Austrian economy.
Key Facts
- Austria's registered unemployment rate was 6.2% in March 2023.
- Registered unemployment has declined by 10% over the past year.
- The data is released monthly by Austria's public employment service.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of registered unemployed individuals in Austria, providing insight into the country's labor market and overall economic conditions.
Q: Why is this trend relevant for users or analysts?
A: The registered unemployment figure is a key indicator of labor market dynamics and economic performance, closely monitored by policymakers, economists, and labor market analysts.
Q: How is this data collected or calculated?
A: The data is collected through Austria's public employment service, which tracks and reports on registered unemployment figures.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, central banks, and other institutions to assess the health of the Austrian economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with minimal delay, providing timely insight into Austria's labor market conditions.
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Citation
U.S. Federal Reserve, Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Austria (LMUNRRTTATM156S), retrieved from FRED.