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The Austrian Labour Market in the Wake of the COVID-19 Pandemic
WIFO Reports on Austria, 2021, (7), 18 pages
Online since: 21.06.2021 0:00
The COVID-19 pandemic and the official measures taken to contain it left a clear mark on the labour market in 2020. The drastic slump in the spring was followed by a recovery phase driven by the rebound of the economy and the summer tourist season. At the end of the year, however, the situation on the labour market deteriorated again due to the renewed lockdown in November and the wide absence of the winter season. Despite an increase in employment and a decline in unemployment, the crisis on the labour market is still not over in spring 2021. Unemployment in particular is still far away from the pre-crisis levels.
JEL-Codes:E24, J21, J32
Keywords:Labour market, unemployment, employment, COVID-19 pandemic
Research group:Labour Economics, Income and Social Security

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