Vienna jobless rate rises

Vienna’s unemployment rate has risen significantly.Statistik Austria said today (Tues) 7.6 per cent more people were without a job in the city last month than in February 2010, while all of Austria’s other eight political regions registered declines.The overall Austrian unemployment rate was 4.3 per cent last month, down slightly year on year and compared to the recent months. Nearly 362,000 people living in Austria were out of work in February 2011. The number of people failing to find work for a long time dropped by 31.5 per cent year on year, while the youth jobless rate declined by 10.2 per cent.Figures presented today also show that 6.6 per cent of people working in the heath and social services sector were out of work last month. This fact may surprise many experts and politicians since the nurses and carers are being given great future perspectives due to the rapid ageing of the society.Eurostat, the European Commission’s (EC) statistic agency, recently announced that 4.8 per cent of Austrians had no job in 2010, down from an average 4.9 per cent in the previous year. Austria had the lowest or second-lowest jobless rate in the European Union (EU). Only the Netherlands did better in some months of 2010.News that the Viennese jobless rate is increasing comes just days after the City’s Economy Chamber (WKW) said that 7,900 people established their own businesses in the city in 2010, up by 3.4 per cent year on year. The WKW stressed the number of newly set up companies across Austria rose by just 1.1 per cent.