More than half a million people without a job. Tourism sector hardest hit.
The corona-related economic crisis is still having an impact on the labor market. The Ministry of Labor announced on Tuesday that 440,384 people are currently on short-time work, 25,611 more than in the previous week. There are currently over half a million people without a job, specifically 533,512 people. This is an increase of 761 compared to the previous week. The tourism sector is particularly hard hit. Around 73,000 people are currently unemployed there.
“The lack of a start to the season is particularly noticeable in tourism,” said Labor Minister Martin Kocher. Tourism accounts for around a third of the unemployed due to the crisis, and the number of unemployed in this sector has increased by around 40,000 compared to the previous year.
A total of 533,512 people are currently registered with the Public Employment Service (AMS), 65,493 of whom are training. Compared to the previous year, this means an increase of 112,596.
So far, around 5.7 billion euros have been paid out for short-time working, and 4.3 billion euros have been approved for phase 3.
