AIRLINK 74.60 Decreased By ▼ -0.65 (-0.86%)
BOP 5.14 Increased By ▲ 0.03 (0.59%)
CNERGY 4.50 Decreased By ▼ -0.10 (-2.17%)
DFML 33.00 Increased By ▲ 0.47 (1.44%)
DGKC 88.90 Decreased By ▼ -1.45 (-1.6%)
FCCL 22.55 Decreased By ▼ -0.43 (-1.87%)
FFBL 32.70 Decreased By ▼ -0.87 (-2.59%)
FFL 9.84 Decreased By ▼ -0.20 (-1.99%)
GGL 10.88 Decreased By ▼ -0.17 (-1.54%)
HBL 115.31 Increased By ▲ 0.41 (0.36%)
HUBC 136.63 Decreased By ▼ -0.71 (-0.52%)
HUMNL 9.97 Increased By ▲ 0.44 (4.62%)
KEL 4.63 Decreased By ▼ -0.03 (-0.64%)
KOSM 4.70 No Change ▼ 0.00 (0%)
MLCF 39.70 Decreased By ▼ -0.84 (-2.07%)
OGDC 138.96 Decreased By ▼ -0.79 (-0.57%)
PAEL 26.89 Decreased By ▼ -0.76 (-2.75%)
PIAA 25.15 Increased By ▲ 0.75 (3.07%)
PIBTL 6.84 Decreased By ▼ -0.08 (-1.16%)
PPL 122.74 Decreased By ▼ -2.56 (-2.04%)
PRL 27.01 Decreased By ▼ -0.54 (-1.96%)
PTC 14.00 Decreased By ▼ -0.15 (-1.06%)
SEARL 59.47 Decreased By ▼ -2.38 (-3.85%)
SNGP 71.15 Decreased By ▼ -1.83 (-2.51%)
SSGC 10.44 Decreased By ▼ -0.15 (-1.42%)
TELE 8.65 Decreased By ▼ -0.13 (-1.48%)
TPLP 11.51 Decreased By ▼ -0.22 (-1.88%)
TRG 65.13 Decreased By ▼ -1.47 (-2.21%)
UNITY 25.80 Increased By ▲ 0.65 (2.58%)
WTL 1.41 Decreased By ▼ -0.03 (-2.08%)
BR100 7,819 Increased By 16.2 (0.21%)
BR30 25,577 Decreased By -238.9 (-0.93%)
KSE100 74,664 Increased By 132.8 (0.18%)
KSE30 24,072 Increased By 117.1 (0.49%)
World

Austrian unemployment eases as lockdown loosens

  • The conservative-led government began loosening the lockdown a month later - shops, bars, restaurants, schools and hotels have all since reopened.
  • The number of job-seekers stood at 517,221, down from 523,346 a week earlier, she told a news conferen
Published June 2, 2020

VIENNA: Austrian unemployment has continued to ease from a peak in mid-April as the step-by-step loosening of its coronavirus lockdown has helped people back to work, Labour Minister Christine Aschbacher said on Tuesday.

Austria imposed a lockdown early in the outbreak of the virus, in mid-March, which helped flatten the curve of infections but also drove unemployment to its highest level since the data series began in 1946, rising above 12pc by a national measure.

The conservative-led government began loosening the lockdown a month later - shops, bars, restaurants, schools and hotels have all since reopened.

"The (lockdown) loosenings are becoming noticeable step by step," Aschbacher said, adding that the unemployment rate was 11.5pc at the end of May.

The number of job-seekers stood at 517,221, down from 523,346 a week earlier, she told a news conference. That comprised 473,300 registered unemployed and 43,921 people in training.

In addition, 1,371,338 people were registered for the government's kurzarbeit layoff prevention scheme, which enables employers to keep staff on their books while only paying for hours actually worked, with the government topping up that amount.

Comments

Comments are closed.