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Journal for Labour Market Research
Fig. 3 | Journal for Labour Market Research

Fig. 3

From: Germany and the United States in coronavirus distress: internal versus external labour market flexibility

Fig. 3

Great Recession vs. Coronavirus Recession in Germany and the United States. Log deviations from peak quarter (Germany: 2008q1 respectively 2019q4; United States: 2007q4 respectively 2019q4) measured in log points. Output (= real GDP), employment, working time in hours worked per quarter per employee, and productivity (= labour productivity per hours worked) are seasonally and/or calendar adjusted. Sources: Federal Statistical Office (Destatis); Bureau of Economic Analysis; U.S. Bureau of Labor Statistics (BLS); own calculations

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