The newest quarterly review of Employment and Social Developments in Europe (ESDE) shows that the EU economy and labour market have started to recover from the COVID-19 pandemic with employment and unemployment at almost pre-crisis rates.
While in some Member States, unemployment and other unmet needs for employment remain significant, companies in several EU countries and sectors already experience a shortage of labour.
Following the tragic flooding in Europe this summer, and as climate-related hazards such as these will most likely intensify, the new report comes with a thematic focus on the impact of floods on companies and workers..
Real GDP increased in the second quarter of 2021, and the Commission’s Summer 2021 Economic Forecast, published on 7 July 2021, projects that the economy in the EU and the euro area will expand by 4.8% this year and 4.5% in 2022
Total employment increased in the second quarter of 2021, following a drop in the first quarter
Unemployment declined in almost all Member States in recent months, including youth unemployment
Water damages have a significant and persistent adverse effect on firms’ performance and employees’ wages