Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Austria
LMUNRLTTATA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
270,772.60
Year-over-Year Change
9.76%
Date Range
1/1/1950 - 1/1/2023
Summary
This trend measures the total number of registered unemployed individuals in Austria's economy. It provides critical insight into the country's labor market conditions and helps inform economic policies.
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 Registered Unemployment for Austria metric tracks the total number of people officially registered as unemployed within the country. This data point is a key indicator of labor market dynamics and is widely used by economists, policymakers, and analysts to assess the health of the Austrian economy.
Methodology
The data is collected through Austria's national employment agency and reflects the official count of registered unemployed individuals.
Historical Context
This trend is closely monitored by the Austrian government and the European Union to guide policies aimed at promoting employment and economic stability.
Key Facts
- Austria's registered unemployment rate was 5.7% in 2022.
- The trend has shown a steady decline since the COVID-19 pandemic peak.
- Registered unemployment is a key input for policymakers in Austria.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals officially registered as unemployed in Austria's labor market.
Q: Why is this trend relevant for users or analysts?
A: The registered unemployment data provides crucial insight into the health of Austria's labor market and is widely used by economists, policymakers, and analysts to assess economic conditions and guide policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through Austria's national employment agency and reflects the official count of registered unemployed individuals.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the Austrian government and the European Union to guide policies aimed at promoting employment and economic stability.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis, but there may be occasional delays in publication.
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Citation
U.S. Federal Reserve, Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Austria (LMUNRLTTATA647N), retrieved from FRED.