Alarming labor market numbers: increasing unemployment in industry!

Alarming labor market numbers: increasing unemployment in industry!

unemployment in industry increases alarming, especially in the export -oriented economy, where it rises twice as quickly as the national average of 7 %. Wolfgang Hattmannsdorfer, the new general secretary of the Austria Chamber of Commerce (WKÖ), warns that competitiveness on the world market is increasingly at risk. "Our products are becoming more and more difficult to sell and the wage costs have increased disproportionately in recent years," says Hattmannsdorfer. This worrying development urgently must follow measures to stabilize the labor market and to relieve the companies in order to increase competitiveness, according to ots.at .

Despite these worrying numbers, the entire labor market shows signs of stability. In 2024, the number of employed employees in Austria was 3.9 million, a record level. Hattmannsdorfer emphasizes that companies do everything they can to keep their employees in times of crisis. But the need for targeted measures to strengthen the labor market becomes more urgent. In Germany there is also a similar development in unemployment that has changed over the years. Unemployment dropped dramatically during the old economic miracle, but since the Hartz reforms in 2005 the quota has remained a complicated and controversial topic, especially for disadvantaged groups and regions-a fact that loud bpb.de

long -term challenges

The ongoing challenges of the labor market are particularly evident in certain population groups, including low -qualified and older workers who are particularly affected by unemployment. In the period from 1973 to the present, unemployment in Germany, despite positive cycles, did not achieve the level before the last recession, which is called "persistence" of unemployment. Such patterns make it difficult to assess the recovery of the labor market and require a rethink in labor market policy. While unemployment figures in general are falling, this is not the case for all groups of the population, which underlines the need for action of the new government.