The labour market recovery in the euro area through the lens of the ECB Consumer Expectations Survey

António Dias Da Silva, Desislava Rusinova and Marco Weißler

Economic Bulletin Boxes, 2022, vol. 2

Abstract: This box analyses the current labour market recovery using data from the ECB Consumer Expectations Survey (CES). The CES allows for unique insights into the expectations and perceptions of labour market participants in the largest six countries of the euro area. We show that discouragement and unemployment perceptions declined as labour market conditions improved, while job-to-job transitions increased and so did earnings expectations. Despite the severity of the COVID-19 crisis there is no strong evidence in CES survey responses of a substantial deterioration in skill match and job satisfaction. JEL Classification: E24, J62

Keywords: CES; COVID; labour markets (search for similar items in EconPapers)
Date: 2022-03
Note: 686280
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Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbbox:2022:0002:6

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