Labour Market Monitor 2021

The report is an update of a set of labour market indices first developed and tested in 2010 in collaboration with experts of the Vienna Chamber of Labour (AK). The key labour market dimensions considered are: overall labour market performance, participation of different groups of people, exclusion risks on the labour market, distribution of earnings and redistribution by the welfare state. The present update summarises the results of the monitoring system, based on data predominantly from 2020. It thus provides a descriptive insight into the different ways in which EU countries have been affected by the COVID-19 pandemic. The long-term comparison of the performance of EU member countries in two dimensions of the labour market illustrates backward steps in convergence following the two major recessions of the past 15 years, the financial and economic crisis, and the COVID-19 pandemic.