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

Author

Listed:
  • Da Silva, António Dias
  • Rusinova, Desislava
  • Weißler, Marco

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

Suggested Citation

  • Da Silva, António Dias & Rusinova, Desislava & Weißler, Marco, 2022. "The labour market recovery in the euro area through the lens of the ECB Consumer Expectations Survey," Economic Bulletin Boxes, European Central Bank, vol. 2.
    • Handle: RePEc:ecb:ecbbox:2022:0002:6
    Note: 686280
    as

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    File URL: https://www.ecb.europa.eu//press/economic-bulletin/focus/2022/html/ecb.ebbox202202_06~d69e287c16.en.html
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    More about this item

    Keywords

    CES; COVID; labour markets;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • J62 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Job, Occupational and Intergenerational Mobility; Promotion

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