A dynamic and diverse labour market
The labour markets of the CENTROPE partner regions are characterised by several notable differences but also by surprisingly many parallels. Above all, differentiated analysis shows that significant divergences regarding employment situation and disposable incomes also exist within each of the four partner countries. Strong similarities can thus be identified between labour markets in comparable sub-regions, such as urban centres boasting a favourable qualification structure, technology- and capital intensive production and a high workforce percentage employed in the service sector, while predominantly rural and tourism-influenced sub-regions, too, present very similar structures on both sides of national borders.
Unemployment rates differ markedly less across CENTROPE than overall national figures of the participating countries. Very high employment rates can be found in the City and Region of Bratislava and in the County of Győr-Moson-Sopron. Despite some slight differences, the medium- and long-term demographic perspectives – higher average age of the population and foreseeable decline in labour supply – are rather similar in all sub-regions. The high average qualification level of the workforce is another common characteristic of the entire Central European Region; a large share of the working population has completed some form of higher education.
The relatively high wage differential between the Austrian sub-regions and their neighbours remains to be relevant. While differences regarding purchasing power parities have already been largely balanced, wage levels after exchange rates still tend to diverge quite significantly.