Unemployment
Austria

Total Unmployment 2007- 4.8%
Total Unemployment 2008- 4.4%

Employment
Austria

2007 Men (15-64) - 78.4% 
2008 Men (15-64)- 78.5%

2007 Women (15-64)- 64.4%
2008 Women (15-64)- 65.8%

2007 Men (55-64)- 49.8%
2008 Men (55-64)- 51.8%

2007 Women (55-64)- 28.0%
2008 Women (55-64)- 30.8%

     The above data represents the unemployment rates in Austria in the year 2007 and 2008, obviously reflecting Austria's work force and it's portion of the work force that is willing and able to work; however cannot find a job. As it can be seen the total unemployment rate in 2008 was less compared to 2007 as the value went down by 0.4%. Even though it might not seem much when you take 0.4 percent of Austria's work force the value isn't very small. Below the total unemployment rates are the employment rates for men and women of different ages. The employment rates for men in 2007 between the ages of 15 and 64 is obviously higher than the employment rate for the men between the ages of 55-64, these rates are 78.4% and 49.8% respectively. This obviously reflects that what increases the employment rates are people in their younger years. Meanwhile on the other hand the rates for men between the ages of 55-64 is much lower because it only includes people between the ages of 55.64 which have a harder time finding a job maybe because of their advanced age. As for women the employment rates are much lower than the men's employment rates, this is obviously because some jobs are gender biased; meaning that it would be hard for a woman for example to execute arduous manual tasks. Ethnic unemployment rates are not included as they could not be found, however the rates for non-austrian are probably higher than the rates for austrian workers, obviously because the nation usually favours forgives priority to their people. The different regions unemployment rates are not available however it can be inferred that in the city the rates might be higher than unemployment rates outside the city, because outside the city given Austria's geographical constitution most of the people outside big cities probably work in the field of agriculture. 

Austria's Economy

Austria has a nominal GDP of 371.9 billion, which is much less than what I expected for a country like Austria. If we take a look at the other economic indicators such as inflation rate, household spending, or the quarterly GDP change it can be seen that Austria's economy has been growing. The GDP has risen by almost 30 billion over the past 3 years, this "low-point"in 2010 and the fact that it's been growing again was probably due to the housing bubble and market crash in 2008 which probably affected also other European countries. From 2010 to 2012 Austria's GDP has increased by 9.19%, which indicates that over these three years Austria has increased either its: household spending, government spending, investment, or exports; or maybe all of them by a certain value.

Let's take a look at the other factors. 55% of Austria's GDP is household spending, this also has increased by almost 20 billion over three years, which is a good sign of recovery from the financial crisis that struck in 2009. If the household spending increases it means that the households have more money to spend hence gain more money or have a higher profit. Austria's investment is 21% of it's GDP and obviously has increased over the past three years from 68.3 billion to 79.8 billion, again this is a good sign as it indicates that Austria's economy has been growing because it has more money to spend on investments. Its government expenditure on the other hand is 19% of the nation's GDP and just as all the other indicators it has increase over the three-year time period; again a sign of growth and prosperity. Finally Austria's (X-M) is 5% of it's GDP which means it's 18.595 billion dollars worth of product exported. Just as all the other indicators this has increased over the past three years because obviously if the GDP increased also the exports increased, meaning that the country is slowly recovering from the financial crisis in 2008. Overall the Austria's economy is growing quickly, or perhaps only recovering quickly from the 2008 bubble crash.

Austria GDP	Austria C	Austria I	Austria G	Austria (X-M)
371.9	204.8= 55%	79.8= 21%	70.7=19%	5%= 18.595