Money Buzz! Europa

Tag: unemployment austria

  • 413.241 people are registered as job-seekers in Austria

    413.241 people are registered as job-seekers in Austria

    This week, 413.241 people were registered as job-seekers in Austria at the Labour Market Service (AMS), Heute reports.

    There are about 4.000 more than in the previous week (409,356).

    AMS said Monday that 348.354 people are currently without a job, with 64.887 in training. Compared to the same time last year, there are 71,000 more jobseekers.

    Employment Minister Christine Aschbacher pointed out that the rise in unemployment is having seasonal effects: ”With the extension of short-time working and the Corona job offensive including work foundations, we are ready for the coming months.”

  • 422.910 job seekers were registered in Austria at the end of August

    422.910 job seekers were registered in Austria at the end of August

    At the end of August, 422,910 job seekers (incl. trainees) were registered with the Labour Market Service (AMS). This was 42,272, or 27.9%, higher than in the previous year.

    The unemployment rate by national definition rose by 2.2% points, at 9.0%, compared with August 2019.

    The unemployment rate according to Eurostat was 5.2% (+0.7% points) in July 2020.

    A total of 457.177 people were able to return to work in 2020. An estimated 3.768.000 people, or about 70.000 fewer than in August 2019 and -1.8%, were in employment at the end of August 2020.

  • Austria: 58% of the people who had terminated their employment found another job by the end of June

    Austria: 58% of the people who had terminated their employment found another job by the end of June

    According to Statistics Austria the number of new jobs taken up between April and June 2020 was about 167.000 higher than the number of jobs that ended in this period.

    58% of the people who had terminated their employment in the second half of March 2020 had found employment again by the end of June 2020.

    The number of persons in employment according to the international definition was 4 195 700 for June 2020, already 62 800 higher than in May 2020. Nonetheless, employment figures remained 106 700 below June 2019.

    Analysis by gender shows that while women and men were affected to a similar extent at the beginning of the crisis, men are more likely to quickly re-enter the labour market.

    Overall, by the end of June, 62% of men, but only 52% of women, who left employment in the second half of March, had re-entered the labour market.

  • 43% of Austrians who lost their jobs in March found employment again

    43% of Austrians who lost their jobs in March found employment again

    Out of 238.000 persons, who had terminated their employment in the period 15 to 31 March 2020, 43% had found employment again by the end of May 20200.

    In six out of ten cases with the same employer with whom they were previously employed.

    According to Statistics Austria, 434.000 cases of dependent employment ended in this period, and in 358.000 cases new employment was taken up.

    The number of persons in employment according to the international definition was 4.132.700 for May 2020, still 135.800 below May 2019, but already 50.300 higher than in April 2020.

    Actual working hours also grew significantly in May, averaging 28.9 hours, 3.3 hours more than in April 2020.

    However, it was still 3.3 hours per week less than in the same month last year.

    Nonetheless, unemployment remained high in May at 264.600 unemployed persons.

    The scale of the decline in employment is more visible in the “labour reserve”, which grew from 128.800 persons in February 2020 to 213.800 in May 2020.

  • How the Austrian labour market performed during the corona crisis

    How the Austrian labour market performed during the corona crisis

    According to Statistics Austria, 434.000 cases of dependent employment ended in March, April and May 2020, and in 358.000 cases new employment was taken up.

    The number of persons in employment according to the international definition was 4.132.700 for May 2020, still 135.800 below May 2019, but already 50.300 higher than in April 2020.

    Actual working hours also grew significantly in May, averaging 28.9 hours, 3.3 hours more than in April 2020.

    However, it was still 3.3 hours per week less than in the same month last year.

    Out of 238.000 persons, who had terminated their employment in the period 15 to 31 March 2020, 43% had found employment again by the end of May 2020 – in six out of ten cases with the same employer with whom they were previously employed.

    Nonetheless, unemployment remained high in May at 264.600 unemployed persons (according to the international definition).

    The scale of the decline in employment is more visible in the “labour reserve”, which grew from 128.800 persons in February 2020 to 213.800 in May 2020.

  • Corona crisis has an enormous impact on the Austrian labour market

    Corona crisis has an enormous impact on the Austrian labour market

    The corona crisis has an enormous impact on the Austrian labour market, show the latest data published by Statistics Austria. Starting with the national shutdown in mid-March 2020, unemployment increased almost instantly.

    More than 35.000 job losses were registered on 15 March alone. Thus, the national labour market agency recorded massive inflows (+65.7% compared to March of the previous year) into the unemployment register.

    By end of March, there were 504.345 (+199 934) persons registered as unemployed.

    Yet, this situation has no immediate impact on unemployment according to the international definition, as latest results of the Austrian Labour Force Survey conducted by Statistics Austria show.

    However, there is a clear decrease in the number of people in employment (-77.500; -1.8%) and a corresponding increase of economically inactive persons available to work but not seeking a job (+51.3% to 160 500).

    At the same time, 173.100 people stated that they had not worked at all or worked less than during a regular working week due to slack work in March 2020, this is seventeen times more than in March 2019.