Unemployment of Older Aged Workers Increases Disproportionately

BusinessEconomy ♦ Published: March 17, 2012; 16:05 ♦ (Vindobona)

The Austrian labor market registers a rise both in employment and unemployment of persons aged beyond 50. Especially unemployment of male persons aged beyond 50 rises dramatically.

Unemployment of Older Aged Workers Increases Disproportionately / Picture: © Vindobona.org

As more persons aged beyond 50 remain employed, their employment figures rose steadily over the last ten years. In 2011, 460,576 people beyond 50 were employed. In 2012, their number reached 710,762. Employment of female workers beyond 50 rose slightly higher than employment of the male group. 323,058 female and 387,704 male workers were registered last year.

Simultaneously, the…