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Features of the Policies Adopted for the Mitigation of the Pandemic Recession Impact on the Labour Market Operation

Florin Pavelescu

Chapter Chapter 10 in The Economic and Social Impact of the COVID-19 Pandemic, 2024, pp 255-279 from Springer

Abstract: Abstract Considering the European Union experience, firstly, the chapter reveals the informational technologies role in activating the labour supply and maintaining the jobs and also the high degree of vulnerability of the jobs generated by the traditional consumption services under the conditions of a pandemic shock. During the first semester of 2020 year, the block out measure implementation caused an impressive jobs loss and significant increases in the rate of unemployment. In this context, the member states implemented labour market policies representing combination of best practices, used during previous recessions and innovative solutions, adequate to the pandemic context. Even there were some differences caused by the level of development and the variants of economic and social model established in each member state, the labour market policies implemented in the pandemic context remained in the area of European social model. In fact, the pandemic shock contributed to the broading of the European Commission prerogatives and to the design and implementation of innovative solutions related to financial assistance granted to member states. As a result of the implementation of the above-mentioned policies, practically in all member states, in December 2022, the rate of unemployment came back to the levels registered in January 2020.

Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-3-031-47780-5_10

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DOI: 10.1007/978-3-031-47780-5_10

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