Trends in nominal and real wages, euro zone, Q2 2020–Q1 2023

The post-pandemic recovery of Europe continued in 2023, with strong job creation despite subdued economic growth, against a background of rising geopolitical tension. Eurofound’s research over the year brought to light evidence on the key issues shaping the daily lives and work of Europeans. This 2023 yearbook provides a snapshot of that work, summarising the Agency’s findings on a wide range of topics, including rising labour shortages and initiatives to address them, the impact of workplace stressors on health and well-being, the challenges of securing affordable housing, and developments in minimum wages across the Member States. Eurofound’s research on working and living conditions in Europe provides a bedrock of evidence for social policymaking and achieving the Agency’s vision ‘to be Europe’s leading knowledge source for better life and work’.