Unemployment increases: Industry particularly affected!

Unemployment increases: Industry particularly affected!

Frankfurt, Deutschland - Unemployment in Austria has increased compared to the same month last year. According to current statistics, 446,000 people are without a job in January - an increase of 5.8 percent or 24,306 people compared to the previous year. The unemployment rate climbed to 8.6 percent, which corresponds to an increase of 0.5 percentage points. Labor Minister Martin Kocher (ÖVP) commented that the "Europe -wide tense economic situation" shaped certain characteristics of the domestic labor market, and found that the negative effects on the unemployment rate were lower than in earlier crises, as Vol.at reported .

particularly affected by rising unemployment are the generation of goods and industry, which recorded an increase of 14.6 percent. In retail, the number of unemployed rose by 8.4 percent, in health and social affairs by 7.4 percent and it is 5.5 percent in gastronomy and accommodation. The only exception is the construction where unemployment could be reduced by 3 percent. In view of the current economic situation, the AMS director Petra Draxl was skeptical about an early recovery of the market and saw no decline in unemployment in the coming months