Labour market information

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Austria - Wien

Short overview of the labour market

 

There are 1 899 055 people living in Vienna (as of 2018), who make up 21% of the total Austrian population. As an average for 2018, there were 848 530 wage earners, 230 052 of whom were foreign employees, with 117 740 EU/EEA nationals including Swiss.

A total of 118 501 people are registered as unemployed (down by 5 554 people compared with the previous year). In 2018, the unemployment rate was 12.3%, which is far higher than the Austrian average (7.7%).

The unemployment rate for young people (up to 25) was 11.6%; the unemployment rate for older unemployed people (50+) was 12.5% (national calculation method).

Owing to its service-oriented economy, an annual increase in wage earners by 11 000 to around 846 800 can be expected in Vienna in 2019. Unemployment will increase by an average of 0.2 percentage points in 2019. In 2019, the labour pool will increase by 11 200 to 965 800 people.

The Austrian economy continued to grow in 2018. It is expected that the growth rate will slow down in 2019.

With a real economic growth rate of around +1.9%, the upturn will lose some momentum.

A total of 11% of workers commute to neighbouring federal provinces and fewer than 1% commute abroad.

In November 2018, a rise in the number of vacancies was registered in the following sectors: ‘professional, scientific and technical services’ (+6.4%), ‘construction’ (+5.3%), ‘information and communication’ (+4.5%), ‘accommodation and food service activities’ (+4.2%), ‘transportation and storage’ (+3.3%), ‘arts, entertainment and recreation’ (+3%), ‘other service activities’ (+2.8%), ‘goods-producing activities’ (+1.7%), ‘public administration, defence and compulsory social security’ (+1.3%), ‘wholesale and retail trade, repair of motor vehicles’ (+1.2%), ‘administrative and support service activities’ (+1%) and ‘human health and social work activities’ (+0.1%).

A fall in the number of vacancies was registered in the following sectors: ‘education’ (-1%), ‘electricity supply’ (-1.3%), ‘water supply, sewerage and waste collection activities’ (-1.5%), ‘real estate activities’ (-1.6%) and ‘mining’ (-11.6%).

The professional structure in Vienna includes more higher qualified activities compared with other federal provinces: employment growth is to be expected especially in the healthcare and social services but also in the tourism sector.

Overall, there will be a fall in the demand for employees in activities requiring intermediate or lower qualifications, that is to say professions which usually require a vocational qualification or a technical college education or professions which can be learnt through apprenticeships.

The essential soft skills in almost all areas include social and personal skills such as strong communication, customer focus, flexibility, ability to handle stress, a willingness to learn and intercultural skills (working in international teams), as well as excellent knowledge of English and other languages.

In healthcare, familiarity with medical information systems is important, as is experience with quality management, project management, and health promotion and care. In addition to psychological expertise, the important qualities required are the ability to cope with frustration, good communication skills and a willingness to learn.

For the electronics/electrical engineering, telecommunications, information technology and machine/automotive/metal sectors, special expertise in operating systems, use of computer systems, business management, energy and process engineering, quality management, etc. are essential.

In the construction and timber sector, expertise in the areas of building renovation, waste management, waste disposal and specific IT skills are advantageous.

For the office, business, financial and legal sectors, additional technical knowledge is beneficial, as are business management, SAP and e-business skills.

 

Text last edited on: 05/2019


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