Labour force forecasts
According to the main variant of the population forecast the number of economically active persons in Austria will continue to increase. The Austrian labour force reaches a maximum of 4.2 million in 2018 (2009: 4.084 million). Due to demographic changes the labour force drops by approx. 100,000 to less than 4.1 million by 2030. Afterwards, the labour force will rise slightly to 4.235 million by 2050. This increase after 2030 is based on the underlying gender specific assumptions whereas only female labour force participation will increase and the number of male economically active persons will remain nearly constant.
The moderate growth in labour supply unveils significant
change within the age structure of the labour force. As baby boomers
reach advanced working age and, in particular, participation beyond
the age of 50 is assumed to rise significantly in the future, older
workers’ participation by will go up considerably. The labour
force aged 50 and above should exceed the one-million limit as early
as 2015 (2009:
Differentiating by federal states (NUTS 2), Carinthia
will post the strongest workforce decline with a fall of labour supply
of 9% by 2030. Over the next two decades a shrinking workforce population
is also projected for Styria
| Results (overview): Labour Force projecton |  |  |  |
|---|---|---|---|
| Results (overview): age structure of Labour Force | | | |
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