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Labour Market Development During the Financial Market and Economic Crisis

Author

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  • Helmut Mahringer

    (WIFO)

Abstract

From about the end of 2008, the financial and economic crisis has been increasingly mirrored in substantial job losses and a massive rise in unemployment. At the start of the downturn it was mainly the young and male workers in manufacturing who were affected. With the doldrums continuing, the labour market problems are swamping ever larger categories of workers. Labour market policy is responding by deploying both new and newly adapted tools. Combined with a major injection of funds this has mitigated job losses as well as the rise in unemployment.

Suggested Citation

  • Helmut Mahringer, 2010. "Labour Market Development During the Financial Market and Economic Crisis," Austrian Economic Quarterly, WIFO, vol. 15(1), pages 109-120, April.
  • Handle: RePEc:wfo:wquart:y:2010:i:1:p:109-120
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