Discover and read the best of Twitter Threads about #containmentmeasures
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(THREAD) A preliminary assessment shows that the coronavirus crisis has not affected employment and unemployment in the euro area as severely as expected. This sharply contrasts with the US where unemployment increased rapidly due to the pandemic 1/3 
The widespread use of short-time work schemes is one of the key factors behind the overall muted immediate response of the labour market to the coronavirus crisis in the euro area. Read the full #EconomicBulletin article ecb.europa.eu/pub/economic-b… 2/3
Still, there has been an overall sharp decline in hiring rates and job postings due to the #containmentmeasures. Recreation, travel and manufacturing sectors are more affected than health care, software and IT services sectors. Read more ecb.europa.eu/pub/economic-b… 3/3
