The European Commission has published the Employment and Social Developments in Europe (ESDE) for the first quarter of 2022. The ESDE provides an in-depth description of recent labour market and social development in Europe and includes some thematic analysis, in this case on the gender pay gap for young men and women.
According to the data in the ESDE young women (aged 25-29) face a 7.2% unadjusted gender pay gap at the start of their professional careers in the EU labour market. However, the report also notes that the pay differences between young women and men are difficult to explain based on available data and the situation varies considerably from country to country.
Based on the data collected till the end of 2021 the improvement in the economic environment in Europe, which started in spring 2021, continued throughout the year and although growth was weaker in the fourth quarter due to the resurgence last autumn of the COVID-19 pandemic and continued supply issues. The economic growth was accompanied by a robust increase in headcount employment and by a steady fall of the unemployment rate, with both indicators improving compared with their pre-crisis record levels.
The expectations of economic actors recorded at the very beginning of 2022 were also quite optimistic on future employment developments, however, the war in Ukraine and the subsequent increase in energy prices will have an impact on inflation and the economic outlook for Europe. The impact of the war in Ukraine is not yet reflected in this edition of the ESDE as the data collection collected before the start of the invasion of Ukraine by Russia on 24 February 2022.