Rising unemployment: Construction industry severely affected in Wiener Neustadt

Rising unemployment: Construction industry severely affected in Wiener Neustadt

The current labor market situation in Wiener Neustadt shows worrying developments.Compared to the previous year, unemployment increased by five percent in both the city and the entire district. The construction industry is particularly affected, with a significant increase in unemployment. The prospects for recovery are bleak, as a recent analysis makes clear.

At the end of October, a total of 5,469 people were registered with the Labor Market Service (AMS) in Wiener Neustadt. Of these, 4,535 people were unemployed, while 934 were in AMS training courses. According to Mevlüt Kücükyasar, head of the AMS in Wiener Neustadt, the domestic economy is being affected by a noticeable downturn, which continues to have a negative impact on the labor market. The industrial and construction sectors in particular are suffering from the weak economy.

Details on unemployment and the sectors affected

The dramatic rise in unemployment is not the only alarming sign. Data shows that the construction industry is under significant pressure, which has significantly reduced job opportunities for many workers in the region. The reasons for this are varied: from economic losses to a reluctance to invest, which affects both private and public projects.

According to Kücükyasar, a quick recovery is not expected in the near future. This assessment underlines the seriousness of the situation and raises many questions about the future stability of the labor market. Given these circumstances, it is more important than ever that affected workers receive support and take advantage of training opportunities to improve their position in the labor market.

For further information and detailed insights into the current situation, please refer to the comprehensive reporting on www.noen.at referred.