Unemployment continued to rise in October, 372,000 without a job – economic policy

2024-11-04 08:26:00

Vienna – The recession continues to put a strain on the labor market. At the end of October, 371,648 people were registered with the Public Employment Service (AMS) as unemployed or in training, of which 293,301 were unemployed and 78,347 were in AMS training measures. Compared to the same month last year, the number of unemployed people and training participants increased by 9.7 percent or 32,752 people. Labor and Economics Minister Martin Kocher (ÖVP) described the situation on the labor market as “ambivalent”.

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**Interview ⁢with Labor and ‌Economics Minister Martin Kocher**

**Interviewer:** Thank you for joining us today, Minister‌ Kocher. The latest ⁣figures show that unemployment in Austria has risen⁢ to 293,301 individuals, an increase of 9.7% compared to last year. You’ve described the current labor market situation as “ambivalent.” Can you elaborate on what you mean by that?

**Minister Kocher:** Yes, certainly. The term “ambivalent”​ reflects the dual challenges we are facing. On one hand, we are witnessing a rise in unemployment ⁢which is concerning as ‌it reflects‍ the ongoing economic pressures caused ⁣by the recession. On the other hand, our⁣ training programs are engaging a ⁤significant⁣ number of‍ individuals, ⁢signaling a commitment ⁢to workforce⁣ development ‌and readiness for ‍future opportunities.

**Interviewer:** Given this increase in unemployment and the ongoing economic challenges,‍ what specific measures is the government planning to implement‍ to support job seekers?

**Minister Kocher:** We are focusing on expanding ‍our training‍ measures and enhancing partnerships with businesses to facilitate job creation. Moreover,‍ we are looking at⁢ policies that promote flexibility in the labor market and support for sectors ⁢hit hardest by‌ the ⁤recession.

**Interviewer:** Some critics‍ argue that ⁣despite‍ these measures,‌ the government is not doing enough to address the root causes of rising unemployment. What is your response‍ to those concerns?

**Minister Kocher:** While I appreciate the criticism, I believe it⁢ is crucial to balance immediate support with long-term strategies. The training programs we are implementing are designed to address skills gaps, which is a critical factor in reducing unemployment in the long run.

**Interviewer:** As more Austrians are facing unemployment or engaging in training ‍measures,⁤ what ⁣do you think the public can do to help foster a more ⁣supportive environment for those seeking employment?

**Minister Kocher:** Community support​ is vital. Encouraging local businesses to hire and mentoring those seeking work can ‍make a significant difference. Furthermore, fostering an ⁤inclusive dialogue about the labor market challenges‌ can help create solutions that benefit everyone.

**Interviewer:** Thank you, Minister Kocher. As we consider the complexities of the labor ‍market, do you think ‍the rise ​in unemployment will lead to a change ‌in how people view economic policies ​post-recession? What are your ⁣thoughts on this?

**Minister Kocher:** That’s an important question. ⁣I believe we may⁤ see a shift in public opinion towards more robust support systems and a demand for policies that prioritize job security. It could start⁤ a meaningful dialogue ‍about ​the role of government intervention in stabilizing the economy during ‍turbulent times.

**Interviewer:** Thank you for your insights, Minister Kocher. This situation certainly raises several important questions for the public to consider. What do you ‌think, readers? Is the government’s‌ approach sufficient ⁢in addressing⁤ rising unemployment, or should​ there be a more aggressive⁢ strategy in place? Let’s discuss.