LATEST: What is the job market in Austria like right now?
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Loading... - Annika Fuchs
- 14 Sep 2022
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In the second quarter of 2022, according to Statistics Austria, a total of 4,438,900 persons aged 15 and over were employed, while 197,900 were unemployed. There were 206,300 job vacancies, another all-time high record in the country.
“The upswing in the domestic labour market continues and is not yet affected by the Ukraine war and its consequences for the global economy. Nevertheless, the labour market is facing great challenges: At 206,300, the number of job vacancies in the second quarter once again reached a record level, exceeding the number of job seekers for the first time”, said Statistics Austria Director General Tobias Thomas.
“This is a clear signal of the increasing shortage of skilled workers and labour”, he added.
Currently, the Alpine country has an employment rate of 74.1 percent among people between the ages of 15 to 64. The employment rate is higher for men (78.2 percent) than women (69.9 percent).
Job vacancies at new high
Since the second quarter of 2021, when unemployment was still high due to the Covid-19 pandemic, the labour market has recovered steadily, Statistics Austria said. In the first three months of 2022, there were 33 percent fewer unemployed than in the same period the year before.
At the same time, the number of job vacancies in Austria reached its highest level since the beginning of the time series in 2009, with a total of 206,300 vacancies.
Compared to the previous year’s quarter, an increase of 48.9 percent was recorded and even compared to the pre-crisis level (the first three months of 2019), there were 59.8 percent more vacancies advertised.
Where are these jobs?
All economic sectors covered by the job vacancy survey (manufacturing, services and public sector) recorded significantly more job vacancies in the second quarter of 2022, both compared to the same quarter of the previous year and compared to the pre-crisis level.
In the manufacturing sector, there were 52,400 vacancies, in the services sector, 124,800 and in the public sector, 29,100. Read More...
