How does the current employment expansion in the euro area compare with historical patterns?

Vasco Botelho and António Dias Da Silva

Economic Bulletin Boxes, 2019, vol. 6

Abstract: This box looks at the current employment expansion in the euro area and compares it with past periods of employment growth. It uses annual data for the period 1960-2018 and shows that: (i) the current employment expansion is so far not particularly lengthy in comparison with past recoveries; (ii) the current employment expansion is more employment-rich than previous expansions as employment growth has been stronger relative to GDP growth than it was in the past; (iii) the fast-paced decline in the unemployment rate has been a notable feature of the current expansion; and (iv) the decline in unemployment and the increase in employment in the current expansion have occurred alongside moderating labour costs, but that moderation has been weaker than in the previous expansion. JEL Classification: E24

Keywords: employment; GDP; productivity; real wages; unemployment (search for similar items in EconPapers)
Date: 2019-09
Note: 686280
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.ecb.europa.eu//pub/economic-bulletin/f ... 4~b4356d288b.en.html (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbbox:2019:0006:4

Access Statistics for this article

More articles in Economic Bulletin Boxes from European Central Bank 60640 Frankfurt am Main, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Official Publications ().