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Youth employment amidst cooling labour demand

Author

Listed:
  • Chaloupka, David
  • Dias Da Silva, António

Abstract

Have labour market prospects deteriorated more for young workers than for the aggregate labour market? This box analyses labour market developments across age and skill groups in relation to economic activity. It shows that in recent quarters young workers have indeed faced a more difficult job market. However, taking the relation with developments in real GDP into account, Okun's law residuals suggest that this weakness remains broadly in line with normal cyclical dynamics, also reflecting the higher sensitivity of young workers to the economic cycle and strong employment growth during the post-pandemic recovery. JEL Classification: E24, J23

Suggested Citation

  • Chaloupka, David & Dias Da Silva, António, 2026. "Youth employment amidst cooling labour demand," Economic Bulletin Boxes, European Central Bank, vol. 5.
    • Handle: RePEc:ecb:ecbbox:2026:0005:4
    Note: 686280
    as

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    More about this item

    Keywords

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    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand

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