Austria's trade as a Job Creation Engine

BusinessEconomy ♦ Published: April 14, 2011; 07:11 ♦ (Vindobona)

77,000 jobs were created by trades and crafts in the last eight years. The manufacturing industry lost 17,000.

Austria's trade as a Job Creation Engine / Picture: © Vindobona.org

According to the employment statistics of the Economic Chamber, trades and crafts remained by far as the largest employer in 2010 with 619,785 persons. In second place is trade (460,222) and in third the manufacturing industry (415,647).

Calculations of SME Research Austria show that in the period 2002 to 2010, 146,000 jobs were created around the trade business. Most of them in…