COVID-19 impact on employment income
The current COVID-19 pandemic crisis and the economic shutdown due to sanitary measures have led to an unprecedented rise in the number of workers absent from work and an increased number of jobs lost. This article presents the first results of a nowcasting exercise focused on the estimation of employment income losses along the distribution. All figures provided are part of the experimental statistics produced by Eurostat in the frame of advanced estimates on income inequality and poverty indicators.
The estimated loss for median employment income at EU level is -5.2% in 2020 compared with 2019.