Labour market information

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Austria - Wien

Short overview of the labour market

 

There are 1 910 370 people living in Vienna (as of 2019), who make up 21% of the total Austrian population. Based on the annual average for 2019, 864 117 were wage earners, 242 782 of whom were foreign nationals, with 124 359 EU/EEA nationals including Swiss nationals.

In 2019, an average of 114 869 people were registered as unemployed (down by 3 632 compared with the previous year). In 2019, the unemployment rate was 11.7%, which is far higher than the Austrian average (7.4%).

The unemployment rate for young people (up to 25 years old) was at 10.6%; the unemployment rate for older unemployed people (50+) was at 14% (national calculation method).

Owing to its service-oriented economy, an annual average increase in wage earners by 8 900 to around 860 700 can be expected in Vienna in 2020. Unemployment will increase by an average of 2.3 percentage points in 2020. In 2020, the labour pool will increase by 11 500 to 978 500 people.

The Austrian economy continued to grow in 2019. It is expected that the growth rate will slow down in 2020.

With a real economic growth rate of around 1.2%, the upturn will lose some momentum.

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

Based on the annual average for 2019, a rise in the number of vacancies was registered, among others, in the following sectors: ‘information and communication’ (+5.7%), ‘professional, scientific and technical services’ (+5.1%), ‘construction’ (+4.5%), ‘education’ (+4.4%), ‘accommodation and food service activities’ (+3.6%), ‘arts, entertainment and recreation’ (+2.7%), ‘water supply, sewerage and waste collection activities’ (+2.4%), ‘real estate activities’ (+1.7%), ‘goods-producing activities’ (+1.6%), ‘transportation and storage’ (+1.2%), ‘other economic services’ (+0.9%), ‘wholesale and retail trade, repair of motor vehicles’ (+0.6%) and ‘public administration, defence and compulsory social security’ (+0.4%).

There was a drop in the number of vacancies in the following sectors: ‘energy supply’ (-0.3%), ‘other service activities’ (-0.3%), ‘healthcare and social services’ (+0.6%) and ‘mining and quarrying’ (-11.7%).

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

Overall, there will be a fall in Vienna in the demand for employees in professional 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 training.

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, 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 and 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: 04/2020


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