Euro-zone labour markets will be structurally disrupted by the COVID crisis

The COVID crisis will lead to permanent structural disruptions in euro-zone labour markets, given: The fact that the employees who are los ing their jobs are those who will find it most difficult to find another job (those with short-term employment contracts), which may lead to a lasting rise in unemployment (1) ; The fact that the loss of productivity that will result from the new health standards will be offset by increased corporate automation, and because automation destroys repetitive intermediate jobs (2) ; The significant disruption in the sectoral structure of economies, which will change the structure of jobs and the skills required (3) . See , for example , to illustrate these points: V. Gregory, G. Menzio, D.G. Wiczer (2020) "Pandemic Recession: L or V-Shaped?" NBER Working Paper no. 27105, May N. Jaimovich, I. Saporta-Eksten, H. SIU, Y. Yedid-Levi (2020) "The Macroeconomics of Automation: data, theory and policy analysis" NBER Working Paper no. 27122, May J.M. Barrero, N. Bloom, S. Davis (2020) "COVID-19 is Also a Reallocation Shock " NBER Working Paper no. 27137, May