1.  wiiw 1 Employment rates in the WBCs as percentage of the employed in the working-age population Source: LFS 2009

2.  wiiw 2 Percentage of inactive population in the working-age population Source: LFS 2009

3.  wiiw 3 Click to edit the outline text format Second Outline Level  Third Outline Level Fourth Outline Level  Fifth Outline Level  Sixth Outline Level  Seventh Outline Level  Eighth Outline Level Ninth Outline LevelHier Quelle einfügen wiiw Spring Seminar, 25 March 2011 The Ways Out of the Crisis: Are They Sustainable? Source: Eurostat, wiiw calculations. Changes in employment by gender 3rd quarter 2008/3rd quarter 2010

4.  wiiw 4 Click to edit the outline text format Second Outline Level  Third Outline Level Fourth Outline Level  Fifth Outline Level  Sixth Outline Level  Seventh Outline Level  Eighth Outline Level Ninth Outline LevelHier Quelle einfügen wiiw Spring Seminar, 25 March 2011 The Ways Out of the Crisis: Are They Sustainable? Source: Eurostat, wiiw calculations. Changes in unemployment 3rd quarter 2008/3rd quarter 2010

5.  wiiw 5 Click to edit the outline text format Second Outline Level  Third Outline Level Fourth Outline Level  Fifth Outline Level  Sixth Outline Level  Seventh Outline Level  Eighth Outline Level Ninth Outline LevelHier Quelle einfügen wiiw Spring Seminar, 25 March 2011 The Ways Out of the Crisis: Are They Sustainable? Source: Eurostat, wiiw calculations. Elasticity of peak-to-trough employment declines to peak-to-trough GDP contraction, in pp

6.  wiiw 6 Click to edit the outline text format Second Outline Level  Third Outline Level Fourth Outline Level  Fifth Outline Level  Sixth Outline Level  Seventh Outline Level  Eighth Outline Level Ninth Outline LevelHier Quelle einfügen wiiw Spring Seminar, 25 March 2011 The Ways Out of the Crisis: Are They Sustainable? *NMS-9 (w/o PL) Source: wiiw Monthly Database incorporating national and Eurostat statistics. Different employment responses to GDP decline 3rd quarter 2010 / 3rd quarter 2008 Fixed exchange rateFlexible exchange rate