The ability to telework provided an important source of resilience for people, firms and places during the pandemic. In OECD countries, teleworking grew from around 16% of employees before the crisis to around 37% during the first wave of the COVID-19 pandemic in April 2020.
Berlin, London, Madrid and Paris are engines of productivity growth that have long been magnets for young and skilled workers. COVID-19 has brought this boom to a halt. Indeed job posting data offer an unparalleled view of how the pandemic has transformed labour markets in Europe’s four largest capitals at the start of 2021.