The US and UK labour markets in the post-pandemic recovery

Katrin Forster van Aerssen, Ramon Gomez-Salvador, Michel Soudan and Tajda Spital

Economic Bulletin Boxes, 2022, vol. 8

Abstract: Post-pandemic labour market developments in the United States and United Kingdom show that imbalances between labour demand and labour supply are causing a high and unusual tightness in the labour market for such an early stage in a recovery. This could translate into broad-based wage pressures, in turn posing a risk to inflation. Such pressures are becoming increasingly visible in the United States, but are less marked in the United Kingdom. JEL Classification: E24

Keywords: Labour market; United Kingdom; United States (search for similar items in EconPapers)
Date: 2022-01
Note: 375755
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