Commission's Labour Market and Wage Developments report highlights how labour market is exiting from deepest recession - Employment, Social Affairs & Inclusion - European Commission

Commission's Labour Market and Wage Developments report highlights how labour market is exiting from deepest recession - Employment, Social Affairs & Inclusion - European Commission

 

Today, the European Commission released the report “Labour Market and Wage Developments in Europe 2021” which highlights how the labour market is exiting from the deepest recession that hit the EU since World War II.

This year edition shows that the EU labour market has been relatively resilient to the COVID-19 recession. The strong policy response at the EU and national level and the temporary inflows into inactivity eased the impact on unemployment.

Vaccination campaigns have contributed to reopening the economies and shoring up confidence of European citizens. (...)