The employment services sector in Austria has experienced varying trends over the past decade. From 2013 to 2015, there was moderate fluctuation, with a slight decline in employment. However, the sector saw significant growth from 2016, peaking in 2018, before facing a drop in 2019 and a notable decline in 2020 attributed to the pandemic impact. A rebound was observed in 2021 and 2022, with employment standing at 99.83 thousand in 2023.
The average year-on-year variation between 2022 and 2023 was positive at 4.82%, while the compound annual growth rate (CAGR) over the last five years was 0.5%. Forecasts predict steady growth, with a 5-year CAGR of 1.6% and an expected employment level of 110.44 thousand by 2028.
Looking ahead, future trends to watch for include technological advancements in the employment service sector, evolving labor market needs, and policy changes affecting employment regulations. These factors will play a crucial role in shaping the sector’s growth trajectory.
