Publication: Employment Recovery in Europe and Central Asia
Date
2011-06
ISSN
Published
2011-06
Author(s)
Abstract
Despite high unemployment in most
Eastern Europe and Central Asia (ECA) countries, people have
not withdrawn from the labor market but continue to actively
look for jobs. Unemployment increased significantly in ECA
countries during the crisis, particularly among youth.
However, young people are also the ones benefiting most from
the recovery. Labor market recovery remained sluggish up to
the third quarter of 2010. Many countries have seen only a
slight recovery in unemployment rates, although output is
recovering everywhere. Up to the third quarter of 2010, the
Gross Domestic Product (GDP) upturn in most ECA countries
appeared to be driven by increases in productivity and hours
worked; however, these are still below pre-crisis levels.
This suggests that there is room in most countries for
further increases in productivity and hours worked, which
could delay the recovery in employment.
Citation
“Koettl, Johannes; Oral, Isil; Santos, Indhira. 2011. Employment Recovery in Europe and Central Asia. Europe and Central Asia Knowledge Brief; Special Issue No. 1. © World Bank, Washington, DC. http://openknowledge.worldbank.org/handle/10986/10090 License: CC BY 3.0 IGO.”