Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/268041 
Year of Publication: 
2022
Series/Report no.: 
ECB Occasional Paper No. 298
Publisher: 
European Central Bank (ECB), Frankfurt a. M.
Abstract: 
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.
Subjects: 
unemployment rate
job flows
labour market tightness
Beveridge curve,Phillips curve
JEL: 
J20
J30
J60
Persistent Identifier of the first edition: 
ISBN: 
978-92-899-5239-2
Document Type: 
Research Report

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