On the face of it, Austria’s labour market performs very well, which is reflected in one of the lowest unemployment rates in the EU. However, while many of the euro area members have recently succeeded in reducing unemployment, the Austrian jobless rate has been on a clearly rising path since...

"We analyze unemployment dynamics for Germany on a regional basis by means of an approximate factor model. We first estimate the number of factors corresponding to the number of cycles. At least for the pre-'Hartz' reform data we find strong evidence for more than just one dynamic labor market...

"We analyze unemployment dynamics for Germany on a regional basis by means of an approximate factor model. We first estimate the number of factors corresponding to the number of cycles. At least for the pre-'Hartz' reform data we find strong evidence for more than just one dynamic labor market...

"Im Jahresdurchschnitt 1989 lag die Erwerbstätigenzahl um knapp 350000 Personen über dem Vorjahr, die Zahl der registrierten Arbeitslosen ist erstmals seit vielen Jahren wieder deutlich zurückgegangen (rd. - 200000 Personen). Dabei spielten zusätzlich zur konjunkturellen Besserung auch die...