Experts are expecting an increase in employment in the eurozone

According to analysts at Oxford Economics, the performance of the European labor market could significantly improve this year. At the same time, According to their data, in February the unemployment rate was higher by 1 percent compared to 2020 (8.3 percent). If the restrictive measures imposed in response to the pandemic continue, it will have a negative impact on employment in the near term, the analysts note. However, they hope that the proliferation of vaccines will allow social restrictions to be lifted, so that employment levels employment could rise. Experts also assume that the authorities European countries will continue to support the economy from budget in order to create favorable conditions for the return of the population to work. Analysts also noted a decline in the rate of economic recovery Europe in the week of March 15 - 21, which was due to a decline in consumer spending.