Employment, Social Affairs & Inclusion

01/10/2021
Employment and Social Developments Quarterly Review – September 2021

Employment and Social Developments Quarterly Review – September 2021

The September 2021 edition 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. Companies are increasingly optimistic about the future, and the Summer Commission forecast projected that the gross domestic product (GDP) in the EU will return to its pre-crisis level at the end of this year.

This edition comes with a thematic focus on the impact of floods on companies and workers. The analytical section shows that water damages have a significant and persistent adverse effect specifically on European manufacturing firms as well as on European citizens. Even after 8 years, companies in the manufacturing sector hit by flooding did not show clear signs of recovery. Productivity reached its pre-flood level after about six years, but still after 8 years, average wages in the impacted firms did not seem to fully recover.

Download data and charts:
Statistical annex
Recurrent analysis - latest update (Excel)

Catalog N. : KE-BH-21-002-EN-N

Available on  EU Publications

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