Can Labor Hoarding Remain a Source of Resilience for the Euro Area?
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Global Labor Market Outlook

Can Labor Hoarding Remain a Source of Resilience for the Euro Area?

16 July 2025 / Article

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Since 2022, Euro Area employment has grown significantly more than GDP, a trend supported by widespread labor hoarding that is now becoming increasingly unsustainable. 

Since 2022, Euro Area employment has grown significantly more than GDP, a trend supported by widespread labor hoarding that is now becoming increasingly unsustainable. 

Author

Konstantinos Panitsas

Konstantinos Panitsas Konstantinos Panitsas

Economist
The Conference Board

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