Assessment of the Labour Market During the COVID-19 Pandemic

Abstract

The COVID-19 pandemic has prompted governments to take radical measures to contain the virus and protect their citizens. These included successive restrictions on social distance, which have led to closing many enterprises in various industries and dismissing their employees. Introducing restrictions has significantly weakened many countries’ economies. Stock markets have noted sharp declines. Therefore, public protection has led to severe consequences for the labour market. Attempts at defining them have been undertaken in the body of literature. However, they focus mainly on analysing selected indicators. According to the authors, it is worth analysing the correlation between the number of deaths as the variable that best reflects the disease’s severity and selected unemployment rates. It was assumed that the number of deaths is a factor significantly distinguishing the periods before and after the pandemic. Therefore, it is possible to assess the correlation between the pandemic and the labour market condition.