Resilience of Regional Labour Markets: Case of the Plzen and Karlovy Vary Regions

Resilience is a concept that has drawn much attention lately due to consequences of the global financial and economic crisis of 2008-09. It concerns with a capacity of the system to respond to, adapt to and cope with a shock of various types. The concept highlights several categories such as challenge (type of the shock), responses to challenges (sensitivity, adjustment) and outcome (restoring the pre-shock state, worse or better). The article primarily focuses on the second component in terms of sensitivity of regional labour markets to the global economic crisis of 2008 - 2009. Sensitivity reflects depth of reaction, which can be measured using various indicators. In the article, data on total employment and general unemployment rate are used. Consequently, comparative analysis of labour market response using employment data in two selected regions is carried out aiming to account for their diversified capacity to resist the shock.