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January unemployment rate increases in Austria

The unemployment rate in Austria has increased 9.5 percent in January year on year, the Social Affairs Ministry reported on Monday.

In real terms this equates to almost 450,000 unemployed in the country, though includes almost 80,000 people currently in some form of schooling such as further education.

By the European Union (EU) calculation method the unemployment rate was thus at 4.9 percent, compared to 4.7 percent in January 2013, Kronen Zeitung reported.

Worst-effected are the number of long-term unemployed with a 39.5 percent increase, those with a health impairment up 29.7 percent, and the disabled up 27.7 percent.

Industries that are hardest-hit are health-related, up 14.7 percent, trade up 13.1 percent and tourism up 12.9 percent.

Also on the increase is the length of time the jobless take to find new work, which is now an average of 95 days.

Minister for Social Affairs Rudolf Hundstorfer said Austria was still in a top position compared to other EU countries, and he expected the situation is to improve in the summer.




 

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