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By Bert Colijn and Carsten Brzeski
The labour market seems to be about as tight as it was at the end of 2019, which is remarkable given the deep economic shock of 2020, but extreme tightness is only
Eurozone Labour Shortages Not As Clear Cut As You Might Think
Summary
- Labour shortages are reported to be limiting production more than ever in the eurozone, according to a business survey by the European Commission.
- One reason for the current labour shortage could be a shrinking active population.
- All in all, we find that the labour market is roughly as tight as it was right before the pandemic, which is surprisingly quick given the historic economic shock the eurozone experienced.
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