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Upswing on the Labour Market Continued in 2022

Author

Listed:
  • Stefan Angel

    (WIFO)

  • Julia Bock-Schappelwein
  • Rainer Eppel

    (WIFO)

Abstract

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.

Suggested Citation

  • Stefan Angel & Julia Bock-Schappelwein & Rainer Eppel, 2023. "Upswing on the Labour Market Continued in 2022," WIFO Reports on Austria, WIFO, issue 8, June.
    • Handle: RePEc:wfo:repoau:y:2023:i:8
    as

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    File URL: https://www.wifo.ac.at/wwa/pubid/70808
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    References listed on IDEAS

    as
    1. Norbert Geldner & Matthias Schneider, 1976. "Die österreichische Wirtschaft nach Bundesländern 1975," WIFO Monatsberichte (monthly reports), WIFO, vol. 49(5), pages 213-226, May.
    2. Stefan Ederer & Christian Glocker, 2023. "Weltweiter Konjunkturabschwung erfasst Österreich. Prognose für 2022 bis 2024," WIFO Monatsberichte (monthly reports), WIFO, vol. 96(1), pages 19-33, January.
    3. Marcus Scheiblecker, 2023. "Schwache Baukonjunktur belastet die Wirtschaftsentwicklung," WIFO Monatsberichte (monthly reports), WIFO, vol. 96(3), pages 143-150, March.
    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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