The US labour market after the COVID-19 recession

Bericht

The US economy has endured an exceptionally severe recession caused by the measures put in place to contain the spread of COVID-19. This occasional paper assesses the impact of this crisis on key labour market variables, such as (un-) employment, wages and productivity, and highlights the differences versus past recessions, with an emphasis on the global financial crisis (GFC). It also presents a comparison of developments in certain key variables between the euro area and the United States, and it discusses the outlook in the United States for the ongoing recovery.

Object Details

• ISBN: 978-92-899-5239-2
• Language: Englisch

References and Relationships

• Bibliographic citation: Series: ECB Occasional Paper ; No. 298

Classification and Topics

• Classification: Wirtschaft ; Demand and Supply of Labor: General ; Wages, Compensation, and Labor Costs: General ; Mobility, Unemployment, Vacancies, and Immigrant Workers: General
• Subject: unemployment rate ; job flows ; labour market tightness ; Beveridge curve,Phillips curve

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Gómez Salvador, Ramón ; Soudan, Michel
• Event: Veröffentlichung
• (who): European Central Bank (ECB)
• (where): Frankfurt a. M.
• (when): 2022

Further information

• DOI: doi:10.2866/964976
• Handle: http://hdl.handle.net/10419/268041
• Last update: 10.03.2025, 11:42 AM CET