The US and UK labour markets in the post-pandemic recovery.
van Aerssen, Katrin Forster ; Gómez-Salvador, Ramón ; Soudan, Michel ; Spital, Tajda
2021
8
epidemic disease ; labour market ; economic recovery ; wages
EU countries ; USA ; United Kingdom
Labour market
English
"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."
Digital
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