Abstract

In the period 2008–2010, the labour market of the European Union was significantly affected by the economic recession, which impacted economic development in all regions of the Czech Republic including the South Moravian Region. Impacts of the economic recession in the labour market were primarily reflected on decline of vacant work places, an increase in job seekers, and thus an increase in the unemployment rate, as well as an increase in long-term unemployment, etc. Enterprises in the region are responding to this situation in different ways, but all have to flexibly adapt – increase or decrease – the number of employees and production as movements in the labour market have been very significant for the past four years. In 2011 and 2012, the economic recession was not discussed anymore. However, has it already finished? The analysis of movements in the labour market, especially comparison of plans and reality in enterprises during and after economic recession is the aim of the paper.

Highlights

  • Since mid-2006, the world economy experienced a robust growth

  • In late 2007 it was clear that the U.S credit crisis was worse than expected and increased the likelihood of recession in the U.S, which further deepened already at the end of the year and especially during 2008 and its impacts were reflected in all economic indicators, including situation in the labour market

  • Since the end of 2008, the economic recession became a significant factor which had a significant influence on the changes in the labour market

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Summary

Introduction

Since mid-2006, the world economy experienced a robust growth. Unemployment in many parts of the world dropped to historic lows. In late 2007 it was clear that the U.S credit crisis was worse than expected and increased the likelihood of recession in the U.S, which further deepened already at the end of the year and especially during 2008 and its impacts were reflected in all economic indicators, including situation in the labour market (according to “Czech Statistical Office,” 2011). This recession gradually spread to all developed countries in the world

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