Excerpted from the Austria Career Guide
Austria has nine states, or Bundeslände: Burgenland, Carinthia, Niederösterreich (Lower Austria), Oberösterreich (Upper Austria), Salzburg, Styria, Tyrol, Vienna and Vorarlberg, and boasts a high standard of living, a skilled labor force and a well-developed market economy very closely aligned with other European Union (EU) economies, especially Germany. The economic strength comes from a large service sector (69 percent of GDP), a solid industrial sector (29 percent of GDP) and a small but developed agricultural sector (2 percent of GDP). Austria also has a thriving tourism sector, the fastest growing in its economy, employing 220,000 people in 40,000 tourist establishments and generating 10 percent of the economic output.
Austria has maintained a relatively low unemployment rate compared to other EU countries. Additionally, the youth unemployment rate (approximately 10 percent, twice the level of the rate of overall unemployment at five percent) is also lower than many other EU countries. Although Austria is no longer in a recession, the number of unemployed has been on the rise, and overall economic growth is weak due to lower domestic demand. A turnaround is not expected until late 2015 or 2016, according to the OECD.
Areas of Job Promise
Austria has a significant pool of skilled labor, and comparatively low unemployment. The main sectors with labor shortages are hospitality, construction and building and information/communications technology. However, jobseekers should be aware that most vacancies are for skilled workers who have completed various apprenticeship programs or other activities specifically tied to the job category and industry. Particularly in the construction industry in the areas of Upper Austria, Carinthia, Lower Austria and Styria, employers are seeking highly qualified electricians, pipe-layers, welders, fitters and other artisans, but only when they have relevant work experience and local qualifications.
Average gross monthly earnings in Austria are 2,854 EUR. There is no legally determined minimum wage, and there are significant disparities by geographic region and by gender. In 2011, the gender pay gap was approximately 24 percent, and government legislation was introduced to diminish the gap and create transparency in the wage system. A recent OECD report found the gap had declined to approximately 19 percent, still one of the highest disparities in the EU.
This is just a short sample of what you’ll find in over 100 pages of information in the complete Austria Guide.