Unemployment Rises in Switzerland, Austria as Georgia Inflation Hits 4.6% in August

In August 2025, unemployment rates showed varying trends across different countries. Switzerland's unemployment rate slightly increased by 0.1 percentage points to 2.8%, with youth unemployment rising notably, while job vacancies decreased by 4.9%. Cyprus recorded a year-on-year decrease in registered unemployed persons by 4.3%, attributed to declines in sectors like education and trade, although seasonally adjusted unemployment slightly increased from July to August. Austria experienced a 4.2% year-on-year rise in unemployment, with the rate reaching 7.0%, amid economic stagnation and a reduction in job vacancies by nearly 13%, particularly affecting older workers, youth, and people with disabilities. Meanwhile, Georgia's consumer prices rose, leading to an inflation rate increase to 4.6% in August, driven by higher prices in food, health, alcoholic beverages, and tobacco, although some categories like transport and clothing saw price decreases or moderated inflation. These economic indicators suggest persistent labor market challenges in Europe alongside inflationary pressures in Georgia.