ILO homeTopicsYouth employmentNews, articles and events News, articles and events on youth employment June 2020 How COVID-19 affects Europeans and the EU labour market Joint ILO-Eurofound webinar on how COVID-19 is affecting the European labour market, how Europeans are experiencing the crisis, as well as the policy responses of EU Member States and social partners. February 2016 Crisis has aggravated long-term erosion of European middle class 29 February 2016 The financial crisis and changing employment relationships have caused the middle class in most EU countries to contract over the past decade.