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Hans-Peter Klös / Holger Schäfer IW-Report No. 12 2. April 2020 IW Labor Market Monitoring: Labor Market Effects of the Corona Crisis as Reflected by Monthly Indicators

The labor market effects of the Corona crisis will gradually become apparent in the large labor market aggregates of employment and unemployment. In the event of a noticeable slump in economic performance, a serious impact on the labor market appears to be unavoidable despite the most comprehensive financial package in German economic history.

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Labor Market Effects of the Corona Crisis as Reflected by Monthly Indicators
Hans-Peter Klös / Holger Schäfer IW-Report No. 12 2. April 2020

IW Labor Market Monitoring: Labor Market Effects of the Corona Crisis as Reflected by Monthly Indicators

IW-Report

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German Economic Institute (IW) German Economic Institute (IW)

The labor market effects of the Corona crisis will gradually become apparent in the large labor market aggregates of employment and unemployment. In the event of a noticeable slump in economic performance, a serious impact on the labor market appears to be unavoidable despite the most comprehensive financial package in German economic history.

In addition to the macroeconomic relationship between the level of economic activity, employment and unemployment, this article discusses how the transmission of a real economic impulse to the results of employment and unemployment can be promptly mapped using a broad set of indicators. For this purpose, about 20 indicators, which statistically map individual changes relevant to labor market development from different sources, are identified and ordered according to their temporal proximity to the exogenous corona shock to real economic processes. From this, an indicator set is derived, which condenses the most immediately available information relevant to the labor market into a monthly updated labor market monitoring system and classifies the current state of development.

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Labor Market Effects of the Corona Crisis as Reflected by Monthly Indicators
Hans-Peter Klös / Holger Schäfer IW-Report No. 12 2. April 2020

Hans-Peter Klös / Holger Schäfer: IW-Arbeitsmarktmonitoring – Arbeitsmarkteffekte der Corona-Krise im Spiegel monatlicher Indikatoren

IW-Report

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German Economic Institute (IW) German Economic Institute (IW)

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