Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Unfilled Vacancies for Austria
LMJVTTUVATA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108,401.40
Year-over-Year Change
235.50%
Date Range
1/1/1955 - 1/1/2023
Summary
This economic trend measures the total number of unfilled job vacancies in the Austrian economy. It provides insight into labor market imbalances and hiring demand.
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: Unfilled Vacancies for Austria trend tracks the number of open positions that employers are seeking to fill. It is a key indicator of labor market tightness and can inform policymakers' decisions on employment and economic policies.
Methodology
The data is collected through surveys of Austrian businesses and organizations.
Historical Context
This metric is closely watched by economists, policymakers, and businesses to assess hiring challenges and labor market conditions.
Key Facts
- Austria had over 120,000 unfilled job openings in 2022.
- The unfilled vacancy rate reached a record high of 3.2% in 2021.
- The services sector accounts for the largest share of open positions in Austria.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of job vacancies that employers in Austria are actively seeking to fill across the entire economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the tightness of the Austrian labor market and hiring challenges faced by businesses, which is crucial information for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Austrian businesses and organizations.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this indicator to assess labor market conditions and inform decisions on employment, economic, and workforce development policies.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, so there may be lags in availability compared to monthly or quarterly economic indicators.
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Citation
U.S. Federal Reserve, Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Unfilled Vacancies for Austria (LMJVTTUVATA647S), retrieved from FRED.