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Upswing on the Labour Market Continued in 2022
WIFO Reports on Austria, 2023, (8), 10 pages
Online since: 21.06.2023 0:00
Austria's labour market defied the war in Ukraine, the energy crisis and high inflation in 2022. The upswing continued. Employment grew at its fastest pace in almost 50 years and the unemployment rate fell to its lowest level since 2008. The impact of the current slowdown on the labour market is expected to be weak in 2023. Reducing long-term unemployment, however, remains a key challenge. Despite the ongoing decline, it is still well above the level before the financial market and economic crisis of 2008-09.
JEL-Codes:E24, J21, J63
Keywords:Labour market, Unemployment, Employment
Research group:Labour Economics, Income and Social Security

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