{"id":3374,"date":"2021-04-05T05:33:55","date_gmt":"2021-04-05T01:03:55","guid":{"rendered":"https:\/\/iajcc.ir\/en\/how-has-the-coronavirus-pandemic-impacted-austrias-job-market\/"},"modified":"2024-04-07T08:26:12","modified_gmt":"2024-04-07T04:56:12","slug":"how-has-the-coronavirus-pandemic-impacted-austrias-job-market","status":"publish","type":"post","link":"https:\/\/iajcc.ir\/en\/how-has-the-coronavirus-pandemic-impacted-austrias-job-market\/","title":{"rendered":"How has the coronavirus pandemic impacted Austria\u2019s job market?"},"content":{"rendered":"
\n

Employment in Austria is being boosted by the relaxed lockdown measures and construction and industry are performing well, despite a massive economic slump due to reduced tourism.<\/p>\n

Employment in Austria is being boosted by the relaxed lockdown measures and construction and industry are performing well, despite a massive economic slump due to reduced tourism.<\/p>\n<\/blockquote>\n

S<\/span>hops, hairdressers and other services reopening on Monday has already boosted employment figures. There are 4,500 fewer people unemployed or in training than last week.<\/p>\n

However, 525,992 people in Austria are still waiting to find work, according to figures from work minister Martin Kocher<\/p>\n

The construction industry is getting through the economic crisis relatively well, with a drop of 1.6% in GDP, Minister of Economics Schramb\u00f6ck announced.<\/p>\n

Economics Minister Margarete Schramb\u00f6ck said industry has created 450,000 jobs in Austria, and skilled workers are currently needed, even in the current crisis.<\/p>\n

Industry is faring better in the pandemic than in 2019, when it was in recession, Wiener Zeitung recently reported.<\/p>\n

Figures from Unicredit Bank Austria\u2019s purchasing manager index show Austria’s industry has been growing for seven months.<\/p>\n

In January the index reached the highest value for two years. Motorbike business KTM was mentioned by Minister Schramb\u00f6ck as one of the businesses which is looking for employees.<\/p>\n

\u00a0Minister Schramb\u00f6ck is hoping Austria\u2019s exports will be boosted by the recovery that is already emerging in Austria’s most important export partners China and the USA.<\/p>\n

Gross domestic product (GDP) figures show there has been a massive economic slump in Austria. The latest calculations by the Wifo economic research institute, show domestic gross domestic product (GDP) was almost 14 percent below the previous year’s level.<\/p>\n

Finance Minister Gernot Bl\u00fcmel says the reasons why Austria has suffered a worse economic slump than neighbouring Germany, is its strong dependence on tourism.<\/p>\n

Due to the corona-related tourism lockdown, the Alpine republic is currently losing around 3.5 percent of total economic output per week in \u200b\u200bthe accommodation and gastronomy industries, according to the economic research institute Wifo.<\/p>\n

This has been exacerbated by lockdown measures for Austrians, as local tourism makes a significant contribution to Austrian hotels and restaurants, according to Bl\u00fcmel.<\/p>\n","protected":false},"excerpt":{"rendered":"

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