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Labour Supply in Austria to Grow by 5% by 2050
The supply of labour in Austria will continue to increase in the future if the trends in immigration and labour market participation continue. In 2017 there were an annual average of 4.55 million labour force in Austria, in 2020 according to the trend variant of the forecast there will be 4.63 million (+2%) and in 2050 4.79 million (+5%). No further growth is expected in the second half of this century.
The share of women in the labour force was 47% in 2017. It will rise to 49% by 2040 and then remain constant at this level. / Picture: © Wikimedia Commons [CC0 1.0] / Pixabay [CC0 Creative Commons]
According to the current employment forecast by Statistik Austria, the number of people in the labour force will increase by 5% by 2050 (this group includes the self-employed and family workers, employees and the unemployed).
Share of older workers rises to 22% by 2050
Parallel to the total population, the working population is also ageing. This development is reinforced…
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