THE EUROPEAN UNION LABOUR MARKET IN THE POSTRECESSION PERIOD

The financial crisis in the United States in mid-2007 spilled into the real sector of the US economy quickly and, thanks to the pronounced internationalization of financial flows, spread to other regions, especially to Europe. In addition to disruptions in the European financial market, the crisis produced serious problems in the real world. The economies of many members entered the phase of long-term recession with all negative implications. Consequently, the recession left a mark on the labour market of the EU, affecting not only the absolute or relative increase of the unemployed and the fall of the employed persons in the short term, but also the essential changes in its composition, size and dynamics, which is the focal point of the subject matter. Also, the recession revealed the structural weaknesses of the labour market and pointed to the need for its restructuring. It should be emphasized that the reactions of individual labour markets within the Union, were not of the same intensity. In addition to the effects of the recession, the European labour market is currently facing a current migrant crisis, which exerts additional pressure and poses new challenges for government officials. According to the above, the subject of research is the EU labour market after the global recession and in the light of the current migrant crisis. The main goal of the paper is to identify the changes in the postrecession period of the EU labour market, analyse the activities and measures taken to address the underlying weaknesses, improve performance and respond to new structural challenges for the labour market in order to make it more resistant to possible future recessions. Secondary data will he collected from relevant sources, and in their processing, certain methods of descriptions and statistical methods will be applied.