Unemployment in Burgenland: Young men are particularly affected!

Unemployment in Burgenland: Young men are particularly affected!

In Burgenland, unemployment ratios have increased, while the situation on the German labor market is also intensified. Almost 10,000 people in Burgenland are currently looking for a job, and unemployment has increased more in men. Young people under the age of 25 are particularly affected, with an alarming increase of 16.9 percent compared to the previous year. In particular, the trade and the tourism sector are fighting with high unemployment, whereby 1,300 people are in trade and many in the tourism sector without employment, as reported.

A similar picture is shown in Germany. In November 2024, the number of unemployment dropped by 17,000 to a total of 2,774,000, but compared to the previous year it rose by 168,000. Andrea Nahles from the Federal Employment Agency pointed out that despite the slight decline, economic weakness continues to put up with the labor market. The current unemployment rate in Germany is 5.9 percent, which means a decline of only 0.1 percent compared to the previous month, as the Federal Employment Agency

While unemployment in Burgenland primarily affects young people and the trading sector, the German labor market situation shows signs of underemployment and an increase in the beneficiary beneficiaries. In November 2024, 895,000 people received unemployment benefit in Germany, 104,000 more than in the previous year. However, the number of registered vacancies decreased by 65,000 compared to the previous year, which indicates a weak demand.