The Evolution of the Labour Markets from the European Union Member States in the Context of the COVID-19 Pandemic
Global Economic Observer, 2021, vol. 9, issue 2, 7-16
The article follows the developments of labour markets during the Covid-19 pandemic, focusing on the impact analysis on labour supply and demand. In this direction, the evolution of three main indicators is analysed, such as the employment rate, the unemployment rate and the number of hours actually worked, based on the data provided by Eurostat and Statista. Following the impact research, the author emphasizes the Member States solutions to cope with these issues, and presents the measures to combat the negative effects. The conclusions are that the pandemic crisis is a wake-up call that has drawn our attention to the structural weaknesses of the Community economy, the vulnerability of some industries and the need for better cooperation between Member States and a European Community mechanism to stimulate the EU economic recovery and resilience, which cannot be possible without increasing employment and supporting integration on the most vulnerable groups to Covid-19 pandemic.
Keywords: COVID-19; European Union; impact; labour market; employment; unemployment. (search for similar items in EconPapers)
JEL-codes: J22 J23 J68 J78 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ntu:ntugeo:vol9-iss2-7-16
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