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The Austrian Labour Market in the Wake of the COVID-19 Pandemic

Author

Listed:
  • Julia Bock-Schappelwein
  • Ulrike Famira-Mühlberger

    (WIFO)

  • Ulrike Huemer

    (WIFO)

  • Walter Hyll

Abstract

The COVID-19 pandemic and the official measures taken to contain it left a clear mark on the labour market in 2020. The drastic slump in the spring was followed by a recovery phase driven by the rebound of the economy and the summer tourist season. At the end of the year, however, the situation on the labour market deteriorated again due to the renewed lockdown in November and the wide absence of the winter season. Despite an increase in employment and a decline in unemployment, the crisis on the labour market is still not over in spring 2021. Unemployment in particular is still far away from the pre-crisis levels.

Suggested Citation

  • Julia Bock-Schappelwein & Ulrike Famira-Mühlberger & Ulrike Huemer & Walter Hyll, 2021. "The Austrian Labour Market in the Wake of the COVID-19 Pandemic," WIFO Reports on Austria, WIFO, issue 7, June.
    • Handle: RePEc:wfo:repoau:y:2021:i:7
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    File URL: https://www.wifo.ac.at/wwa/pubid/67235
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    References listed on IDEAS

    as
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