The employment services sector in Austria has shown a generally positive trend from 2013 to 2023, with the number of persons employed increasing from 82.43 thousand units in 2013 to 114.32 thousand units in 2023. The year-on-year variations reveal periods of significant growth, such as 2016 with a 5.92% increase and 2017 with a 13.21% surge. More recently, from 2021 to 2023, the growth has been more stable, displaying increases of 2.71%, 2.58%, and 2.47% year-on-year respectively. The compound annual growth rate (CAGR) over the last five years stands at 2.38%, indicating steady upward momentum.
Looking ahead, the forecast anticipates continued growth with an estimated 8.77% increase by 2028 and a five-year CAGR of 1.69%. Future trends to watch in this sector include the potential impacts of technological advancements on employment services, shifts in labor market demands, and the influence of economic policies aimed at boosting employment rates.
