Red alarm level: Unemployment in Upper Austria and Styria rises rapidly!

Red alarm level: Unemployment in Upper Austria and Styria rises rapidly!

The situation on the Austrian labor market continues to come to a head: at the end of November 2024, the labor market service (AMS) recorded a dramatic increase in unemployment, especially in the regions affected by the industry. According to ORF Salzburg , the unemployment number in Upper Austria rose by alarming 15 percent, inspired by the bankruptcy of KTM, which hit 3,600 employees. The situation is hardly better in Styria - unemployment grew by 11.7 percent, which means a strong plus of 4635 people.

With currently 35,120 unemployed people in Styria and an increase in the unemployment rate to 6.0 percent, the dark development becomes particularly tangible. The total number of those who are without employment, including participants in training programs, amounts to 43,687. The industry suffers from this burden-the two federal states of Upper Austria and Styria have been the most affected in the past few years in relation to unemployment, such as Ams.at . The number of vacancies decreased by 10.6 percent, which further tightened the situation.

considerable uncertainties for the future