{"id":267538,"date":"2024-06-14T16:55:47","date_gmt":"2024-06-14T14:55:47","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/267538\/"},"modified":"2024-06-14T16:55:47","modified_gmt":"2024-06-14T14:55:47","slug":"labour-market-2023-in-the-wake-of-economic-downturn-2","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/267538\/","title":{"rendered":"Labour Market 2023 in the Wake of Economic Downturn"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-267538","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"In 2023, the Austrian economy suffered from the weak international economic climate and the high price level, which dampened private household consumption and \u2013 together with high interest rates \u2013 corporate investments. The economic downturn gradually impacted the labour market. Employment growth was significantly weaker than in 2022, unemployment began to rise in April 2023, and increased further in the spring of 2024. In addition to economic weakness, the inclusion of displaced persons from Ukraine in the unemployment statistics and an increased registration of refugees and persons with subsidiary protection, contributed to the rise in unemployment. The number of job vacancies decreased. An improvement in the labour market situation is not expected until 2025, once the economy has regained momentum.","onlinedate":"2024-06-14 10:00:00","lang":"English","publication_series":"","publication_date":"20240614","publication_date_year":"","publication_date_full":true,"publication_num_pages":"12","keywords":"[\"Labour market\",\"unemployment\",\"employment\"]","jelcodes":"[\"E24\",\"J21\",\"J63\"]","related_publications":"[\"b9552c3d-252c-4317-9961-5aa4ffb4c0b8\"]","pdf":267539,"zip":null,"link":"","monthly_report":false,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"6","journal":"WIFO Reports on Austria","publisher":"","invisible":false,"external":false,"embargo_date":"2024-06-14 10:00:00","types":[44424],"research_groups":[3510],"collaboration":"","persons":[3822,3581],"persons_data":"[{\"personId\":3822,\"personName\":\"Julia Bock-Schappelwein\",\"organisationNames\":[]},{\"personId\":3581,\"personName\":\"Rainer Eppel\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Bock-Schappelwein, J.<\\\/span><span>, &amp; Eppel, R.<\\\/span> (2024). <span>Labour Market 2023 in the Wake of Economic Downturn<\\\/span>. <span><em>WIFO Reports on Austria<\\\/em><\\\/span>, (6).<\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Bock-Schappelwein J<\\\/span><span>, Eppel R<\\\/span>. <span class=\\\"title\\\"><span>Labour Market 2023 in the Wake of Economic Downturn<\\\/span><\\\/span>. <span>WIFO Reports on Austria<\\\/span>. 2024 Jun 14;(6).<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{896278d3f27744e7a6f53e799098b32a,<\\\/div><div>  title    = \\\"Labour Market 2023 in the Wake of Economic Downturn\\\",<\\\/div><div>  abstract = \\\"In 2023, the Austrian economy suffered from the weak international economic climate and the high price level, which dampened private household consumption and \u2013 together with high interest rates \u2013 corporate investments. The economic downturn gradually impacted the labour market. Employment growth was significantly weaker than in 2022, unemployment began to rise in April 2023, and increased further in the spring of 2024. In addition to economic weakness, the inclusion of displaced persons from Ukraine in the unemployment statistics and an increased registration of refugees and persons with subsidiary protection, contributed to the rise in unemployment. The number of job vacancies decreased. An improvement in the labour market situation is not expected until 2025, once the economy has regained momentum.\\\",<\\\/div><div>  keywords = \\\"Labour market, unemployment, employment\\\",<\\\/div><div>  author   = \\\"Julia Bock-Schappelwein and Rainer Eppel\\\",<\\\/div><div>  year     = \\\"2024\\\",<\\\/div><div>  month    = jun,<\\\/div><div>  day      = \\\"14\\\",<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  journal  = \\\"WIFO Reports on Austria\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - Labour Market 2023 in the Wake of Economic Downturn<\\\/p><p>AU  - Bock-Schappelwein, Julia<\\\/p><p>AU  - Eppel, Rainer<\\\/p><p>PY  - 2024\\\/6\\\/14<\\\/p><p>Y1  - 2024\\\/6\\\/14<\\\/p><p>N2  - In 2023, the Austrian economy suffered from the weak international economic climate and the high price level, which dampened private household consumption and \u2013 together with high interest rates \u2013 corporate investments. The economic downturn gradually impacted the labour market. Employment growth was significantly weaker than in 2022, unemployment began to rise in April 2023, and increased further in the spring of 2024. In addition to economic weakness, the inclusion of displaced persons from Ukraine in the unemployment statistics and an increased registration of refugees and persons with subsidiary protection, contributed to the rise in unemployment. The number of job vacancies decreased. An improvement in the labour market situation is not expected until 2025, once the economy has regained momentum.<\\\/p><p>AB  - In 2023, the Austrian economy suffered from the weak international economic climate and the high price level, which dampened private household consumption and \u2013 together with high interest rates \u2013 corporate investments. The economic downturn gradually impacted the labour market. Employment growth was significantly weaker than in 2022, unemployment began to rise in April 2023, and increased further in the spring of 2024. In addition to economic weakness, the inclusion of displaced persons from Ukraine in the unemployment statistics and an increased registration of refugees and persons with subsidiary protection, contributed to the rise in unemployment. The number of job vacancies decreased. An improvement in the labour market situation is not expected until 2025, once the economy has regained momentum.<\\\/p><p>KW  - Labour market<\\\/p><p>KW  - unemployment<\\\/p><p>KW  - employment<\\\/p><p>M3  - WIFO series<\\\/p><p>JO  - WIFO Reports on Austria<\\\/p><p>JF  - WIFO Reports on Austria<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","scientific_assistance":"[\"Lorenz Christoph\"]","scientific_review":"[\"Mahringer Helmut\"]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Labour Market 2023 in the Wake of Economic Downturn - WIFO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wifo.ac.at\/en\/publication\/267538\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Labour Market 2023 in the Wake of Economic Downturn\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wifo.ac.at\/en\/publication\/267538\/\" \/>\n<meta property=\"og:site_name\" content=\"WIFO\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WIFOat\/\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.wifo.ac.at\/wp-content\/uploads\/2024\/05\/WIFO-Gebaeude-FotoAlexanderMueller-www.alexandermueller.at-IMG_6326-Bearbeitet-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@WIFOat\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/267538\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/267538\\\/\",\"name\":\"Labour Market 2023 in the Wake of Economic Downturn - 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