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Labor Market
Tricky Climate for Austrian Economy
The economic activity continues to lose pace – a weaker economic growth is expected for the remainder of the year. Exports and stable domestic demand support an unchanged GDP forecast of 0.8 per cent for 2012.
June 19, 2012
Fekter Defends Euro Aids
Austria´s Finance Minister Maria Fekter underlines the „necessity of solidarity“ and stressed ist commitment to the common currency. The Austria opposition party FPÖ made a serious protest.
June 16, 2012
Gloomy Growth Prospects for Austria
Bank Austria cuts its growth prospects for Austria. Instead of a GDP growth of 2.0% in 2013, the analysts now expect economic growth to reach 1.5%.
June 16, 2012
Austrian Hourly Labor Costs Rise Significantly
First quarter 2012 compared with first quarter 2011: Euro area hourly labour costs rose by 2.0%.
June 14, 2012
Austrian Labor Market: Rise in Employment
More employees and fewer self-employed in the first quarter of 2012; decrease in unemployment and job vacancies.
June 14, 2012
Austrian Central Bank Expects Economic Stabilization
Austria´s budget deficit is expected to decrease, the economic growth should increase slightly.
June 11, 2012
„We Won´t Get Any Money Back“
The former director of the Austrian Institute of Advanced Studies (IHS) does not think that Greece is able to pay back its debt. Nevertheless, Felderer still believes in the euro.
June 9, 2012
Slow Growth in First Quarter
In the first three months of 2012, the Austrian economy grew by 0.3% against the prior quarter. The outlook is very cautious.
June 9, 2012
Small Growth Rate in Austrian Service Industry
Austrian service enterprises achieved an increase of turnover by 4.0% in the first quarter 2012.
June 5, 2012
Employment Benefits from High Growth Dynamics
The encouraging growth trends provided a very welcome boost to employment in the Austrian federal provinces. The construction industry stabilises.
June 5, 2012
Trade Unions Wants „Just Taxation“
The Austrian Trade Unions warn of a strict austerity policy and pushes for growth stimulating measures.
June 2, 2012
Rising Unemployment – Industry Claims More Flexibility
Among the EU member states, Austria has still the lowest unemployment quota. Compared to May 2011, the number of unemployed persons rose by 5.1%.
June 1, 2012
EU Calls on Austria to Accelerate Reforms
Austria has to put more effort in reforms. In the fields of education, labor market, retirement plan and budget consolidation, Austria shows deficits.
June 1, 2012
More than 300,000 Unemployed
The situation of theAustrian labor market remains tensioned. At the end of May, 300,000 persons did not have a job.
June 1, 2012
Slow Growth in Austrian Industry
In 2012, the Austrian economy is expected to grow by 0.8%. The overall uncertainty remains, optimism in the Austrian industrial sector shrinks.
June 1, 2012
Austria´s Education Does not Keep up with Globalization
The Austrian economy suffers from a lack in skilled labor. Facing the rising competitiveness of emerging countries, this may become a major problem for Autria.
May 31, 2012
Exposure in Eastern Europe Remains Austria´s Weak Point
The Commission of the European Union warned Austria of the big exposure of domestic banks in Eastern Europe. Moreover, the austerity package was criticized.
May 30, 2012
Austrian Paper Industry Sees Lack in Skilled Workers
Last year, the domestic paper industry recovered. The new challenge would be to attract sufficient skilled workers.
May 23, 2012
Black Labor Decreases
In Austria, the share of black labor is still big. However, there is a downward trend.
May 22, 2012
“Three Problems of Europe: Divergence, Indebtedness and Weak Banks”
The new director of the Austrian IHS (Institute of Advanced Studies) Christian Keuschnigg thinks that a Greek exit would have to take place suddenly.
May 21, 2012
Androsch Criticizes Political Inactivity
The former Austrian Finance Minister and industrialist Hannes Androsch thinks that both austerity and growth strategies are needed and criticizes the government sharply.
May 18, 2012
Economic Indicator: Slow Recovery Expected
The Bank Austria business indicator indicates a slight upward trend. In the second quarter, economic growth is expected to reach 0.2%.
May 16, 2012
Austrian SME as Innovation and Job Engine
SMEs account for 66 per cent of overall employment in Austria and have created 44,000 new jobs over the last four years. Bank Austria underlines the importance of innovation.
May 16, 2012
Keuschnigg Worries About Austria´s Competitiveness
The new director of IHS (Institute of Advanced Studies) Christian Keuschnigg suggests reforming the Austrian labor market. The welfare state would be too sophisticated.
May 15, 2012
Keuschnigg: „Problem Countries Must Cut Wages“
The designated director of the Austrian IHS (Institute of Advanced Studies) thinks that a drastic wage cut in Greece, Portugal and Spain is inevitable.
May 12, 2012
Austrian Labor Market: Most Jobs in SME
The quantitatively most important employer in Austria are still small and medium sized enterprises. Above all, handicraft enterprises are a major pillar for the domestic labor market.
May 12, 2012
Stable Development of Austrian Economy
The Austrian Institute of Economic Research (WIFO) forecasts a decent, but stable economic growth in 2012.
May 10, 2012
Leitl: „EU Needs Budget Consolidation and Growth Measures“
The President of the Austrian Chamber of Commerce claims to create a European fund in order to support small and medium-sized enterprises.
May 5, 2012
Austrian Unemployment Still Lowest in EU
The EU unemployment rate rose to 10.9% in March 2012 from 9.9% the year before. Since 2000, taxes on labor rose dramatically in Austria.
May 2, 2012
Unemployment Rises by 6.7%
In Austria, the number of unemployed persons rose up to 321,817 in April. Simultaneously, employment reaches a new record level.
May 1, 2012
Pressure on Medium Income Earners Rising
The Austrian Chamber of Labor warns that the number of people who do not get by with their income anymore rose to 60%.
April 28, 2012
Austria Wants to Raise Efficiency in EU Funds
The Austrian State Secretary Waldner participates in the negotiations of the EU financial framework 2014-2020 and calls for setting a regional and environmental course.
April 25, 2012
Labor Costs: Austria in the Upper Third
Hourly labor costs ranged between € 3.5 and € 39.3 in the EU27 Member States. In Austria, labor costs reach € 29.20.
April 24, 2012
Maastricht Criteria: Austria in the Middle Field
In 2011, the government deficit of both the euro area (EA17) and the EU27 decreased in absolute terms compared with 2010, while the government debt rose in both zones.
April 23, 2012
Chemical Industry: Workers Want 5.8% Wage Increase
The Austrian chemical industry negotiates the collective agreements. Before the third negotiation round started, the workers put pressure on the employer side.
April 18, 2012
Labor Time: Resistance Against SPÖ´s Plans
The governing Social-Democrats want to reduce labor time. Industrialists, the Chamber of Commerce and FPÖ decline that idea.
April 17, 2012
Austrian Economy on Moderate Growth Course
Bank Austria Forecasts table growth until summer followed by chances of an upswing. Austria could achieve GDP growth of 0.8 percent in 2012 and 2 percent in 2013.
April 16, 2012
Call for Structural Reform of Social Policy
The Federation of Austrian Industries reaffirms the high non-wage labor costs and intends to raise efficiencies in the health sector. The retirement age would be too low.
April 12, 2012
Psychic Diseases: Costs of € 3.3bn
The number of staff away sick in Austria rose by 100% since 1995.
April 11, 2012
Competitiveness: Austria Among Top Five
Concerning its competitiveness, Austria ranks fifth among the 27 EU members.
April 6, 2012
EU: Austrian Labor Costs Rose Decently
Since 2000, Austrian labor costs rose by 40%. Among the 27 member states, Austria ranks 22th.
April 5, 2012
Austrian Industrial Sector Faces Uncertainties
The Austrian industries expect a stagnation of business. Economic growth is low, export growth will be decent. Moreover, the order stock is declining.
April 4, 2012
FDI: Cautious Optimism in Slovakia
Austrian and German investors are still optimistic concerning Slovakia´s economy. The majority expects a slight acceleration of Slovakia´s economy growth.
April 3, 2012
Austrian Unemployment on the Rise
Within the Eurozone, Austria´s unemployment rate is still the lowest at 4.2%. Against March 2011, domestic unemployment rose by 4.4%.
April 2, 2012
Austrian Industry Running Increasingly Smoothly
The Austrian industry has potential: positive surprise still possible despite tight earnings situation caused by high commodity prices. Export orders rise strongly again.
March 30, 2012
BNP: Austrian Economy Recovers
GDP in Austria contracted slightly in Q4 2011 as exports fell, but weak growth is likely to have resumed at the beginning of 2012, says BNP Paribas.
March 26, 2012
2,000 New Jobs Created by Foreign Enterprises
The Austrian Chamber of Commerce stressed the importance of foreign direct investment in Vienna. Last year, 126 foreign enterprises came to Vienna.
March 22, 2012
Unemployment of Older Aged Workers Increases Disproportionately
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.
March 17, 2012
Increasing Importance of Environmental Sector
In 2010, the Austrian environmental goods and services sector continued its growth, 7.9% more employees.
March 15, 2012
Working Time: 32% Work Longer than Stipulated
A study of the Austrian working atmosphere index shows that a substantial part of Austrian workers works longer than 40 hours per week.
March 10, 2012
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