Austrian Labor Market Relatively Stable during Crisis

Business › Economy ♦ Published: June 24, 2011; 14:45 ♦ (Vindobona)

A recent study shows: The labor market has weathered the economic crisis. Politicians and companies have taken the right decisions.

Austrian Labor Market Relatively Stable during Crisis / Picture: © Vindobona.org

The political measures taken in 2008/09 as well as Austrian companies’ reaction to the crisis have been relatively successful in stabilizing the labor market. This is the result of a study published by the Austrian Institute of Economic Research (Wifo). Austria was ranked fourth among 29 industrialized countries. Poland, Germany, Switzerland and the Netherlands were also found in the…

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