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The Austrian Labour Market on Course for Recovery Since Spring 2021

Author

Listed:
  • Julia Bock-Schappelwein
  • Rainer Eppel

    (WIFO)

Abstract

From spring 2021, the Austrian labour market gradually recovered from the major dislocations caused by the COVID-19 pandemic and the measures taken to contain it in the previous year. Employment returned to its pre-pandemic level in May, and unemployment fell below its pre-crisis level starting in the fall. Even the fourth lockdown in winter 2021 barely slowed the recovery. In spring 2022, the upward trend on the labour market continued despite the outbreak of war in Ukraine. Declining but still high long-term joblessness remains a key challenge.

Suggested Citation

  • Julia Bock-Schappelwein & Rainer Eppel, 2022. "The Austrian Labour Market on Course for Recovery Since Spring 2021," WIFO Reports on Austria, WIFO, issue 8, June.
    • Handle: RePEc:wfo:repoau:y:2022:i:8
    as

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    File URL: https://www.wifo.ac.at/wwa/pubid/69712
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    References listed on IDEAS

    as
    1. Stefan Ederer, 2021. "Delayed Recovery in Case of Renewed Lockdown. Economic Outlook for 2021 and 2022," WIFO Reports on Austria, WIFO, issue 5, April.
    2. Stefan Schiman & Stefan Ederer, 2022. "Adverse Supply Shocks Hit Buoyant Economy. Economic Outlook for 2022 and 2023," WIFO Reports on Austria, WIFO, issue 6, April.
    3. Julia Bock-Schappelwein & Ulrike Huemer & Walter Hyll, 2021. "Beschäftigung liegt im Mai erstmals wieder über dem Vorkrisenniveau," WIFO Research Briefs 8, WIFO.
    4. Julia Bock-Schappelwein & Peter Huber, 2022. "Flüchtlinge aus der Ukraine. Erwartete Entwicklung und Herausforderungen," WIFO Research Briefs 8, WIFO.
    Full references (including those not matched with items on IDEAS)

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