Austria's labour market defied the war in Ukraine, the energy crisis and high inflation in 2022. The upswing continued. Employment
grew at its fastest pace in almost 50 years and the unemployment rate fell to its lowest level since 2008. The impact of the
current slowdown on the labour market is expected to be weak in 2023. Reducing long-term unemployment, however, remains a
key challenge. Despite the ongoing decline, it is still well above the level before the financial market and economic crisis
of 2008-09.
JEL-Codes:E24, J21, J63
Keywords:Labour market, Unemployment, Employment
Research group:Labour Economics, Income and Social Security