Labour mobility in Europe during the Great Recession | Eurofound

Labour mobility in Europe during the Great Recession | Eurofound

The Great Recession had lasting effects on European labour markets, both in terms of employment levels and structure. Not only did employment rates drop significantly – taking years to return to pre-crisis levels, with some countries not fully recovered yet – but the crisis also accelerated structural change and generalised a pattern of job polarisation across Europe. In other words, we witnessed a relative decline in mid-paid jobs compared to those at the top and bottom of the occupational structure. (...)