Labour market in Austria is cooling – Unemployment rates have been
rising in all federal states
- The weak economic growth in recent quarters has led to a sharp slowdown in the Austrian labour market. Unemployment rates have been rising in all federal states since the beginning of 2023, especially in Vienna and in the industrial-oriented federal states.
- In mid-2022, the number of vacancies reached a seasonally adjusted peak of just under 130,000 after the relaxation of the Corona measures and has since fallen to just over 87,000 in October 2024 due to the economic slowdown. At the same time, the number of unemployed has risen steadily since the beginning of 2023. In the same period, this led to an increase in the number of vacancies1 from two to over 3 and was thus in the range of the pre-pandemic value of the beginning of 2020.
- The number of unemployed per vacancy has increased in all regions since May 2022 and has a wide range. In October, it ranged from 1.8 in Upper Austria to 7.1 in Vienna.
- The economic slowdown caused a decline in the number of shortage occupations. Since the peak in mid-2022 with almost 100 shortage occupations, this number halved by September 2024. However, the shortage of skilled workers in certain sectors remains a major problem of the Austrian labour market.
Labour market in Austria (PDF)
as of November 2024.
2024
Labour market in Austria (PDF) (November 2024)
Austria's world market share (PDF) (July 2024)
Competitiveness (PDF) (July 2024)
Holiday euro 2024 (PDF) (June 2024)
Analysis of tourism revenue (PDF) (May 2024)
Real Estate prices (PDF) (February 2024)
2023
Construction industry (PDF) (August 2023)
Housing affordability (PDF) (August 2023)
Tourism in Austria (PDF) (October 2023)
Working time (PDF) (June 2023)
Holiday euro 2023 (PDF) (May 2023)
2022
Working time (PDF) (November 2022)
Real Estate Country Facts (PDF) (November 2022)
Energy Costs at sector level (PDF) (October 2022)
Holiday euro 2022 (PDF) (June 2022)
Cost of living (PDF) (March 2022)
Energy prices (PDF) (March 2022)
Housing prices (PDF) (January 2022)
2021
Real Estate Country Facts (PDF) (November 2021)
Comparison of industrial upswing in the federal states (PDF) (October 2021)
Tax changes in Austria (PDF) (October 2021)
Fuelling will soon be cheaper, but not in the long run (PDF) (September 2021)
Revenue from tourism in the "year of the coronavirus" 2020 (PDF) (May 2021)
The effects of the first pandemic wave on the labour market (PDF) (January 2021)
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