The Impact of the Covid-19 Pandemic on Labour Market Diversity

Adriana Grenčíková, Jana Španková, Matej Húževka
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Abstract

Abstract Diversity of labour market is currently one of its most striking features. The processes of globalisation and interdependence are creating pressure for ever more international cooperation, which naturally causes more frequent clashes between the diverse elements of the environment, and increases the interdependence of economies. In this context, the COVID-19 pandemic has generally weakened existing global relationships and chains. Economies have been distorted by various types of restrictive and later stimulus measures in a relatively short period of time - a situation that leads naturally to the idea of the interconnectedness of existing processes and the labour market. The main objective of the present study was to make a comparison of the authors' views on the development of these indicators on the basis of the results of analyses of selected macroeconomic indicators, and to establish the dependence between the development of the COVID-19 pandemic, macroeconomic developments and state interventions in the functioning of economies. We begin the empirical part by analysing the evolution of quarterly GDP values in selected economies of the world, and then turn to the employment rate. We conclude the study with the evolution of unemployment in comparison with the evolution of the pandemic situation in the Slovak Republic. The comparison of selected indicators and its results confirm the existence of links between pandemic, macroeconomic and legislative developments in the Slovak Republic. Although the COVID-19 pandemic is the ultimate cause of changes in the labour market, the immediate cause of the dynamics of GDP, employment and unemployment is the state intervention in the economy.
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Covid-19大流行对劳动力市场多样性的影响
摘要劳动力市场的多样性是当前劳动力市场最显著的特征之一。全球化和相互依存的进程正在为越来越多的国际合作创造压力,这自然导致环境的不同因素之间更频繁的冲突,并增加了经济之间的相互依存。在此背景下,2019冠状病毒病大流行普遍削弱了现有的全球关系和链条。在相对较短的时间内,各种限制性措施和后来的刺激措施扭曲了经济- -这种情况自然导致现有进程和劳动力市场相互联系的想法。本研究的主要目的是根据对选定宏观经济指标的分析结果,比较作者对这些指标制定的看法,并确定COVID-19大流行的发展、宏观经济发展和国家干预经济运行之间的依赖关系。我们通过分析世界上选定经济体的季度GDP值的演变开始实证部分,然后转向就业率。最后,我们将失业情况的演变与斯洛伐克共和国大流行病形势的演变进行比较。对选定指标及其结果的比较证实,斯洛伐克共和国的流行病、宏观经济和立法发展之间存在联系。尽管2019冠状病毒病大流行是劳动力市场变化的最终原因,但国内生产总值、就业和失业动态的直接原因是国家对经济的干预。
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