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Impact of the Financial Crisis on the European Labour Market

Abstract: This article analyzes the main indicators of the labour market in the Czech Republic, Russia and European Union. The authors seek relation of labour market development and global financial crisis followed by recession in European countries. The main problems of high unemployment rate, structural differences and very strong youth unemployment and its possible consequences are discussed too. Attention is also paid to the development of nominal and real wages.

Authors: Larissa Kotova, Maxim Ponomarev, Petr Mulač, Věra Mulačová
Keywords: labour market, unemployment, employment rate, unemployment rate, youth unemployment rate, average nominal and real wage
Volume: 7
Issue: 2
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