![Figure 1: Unemployment rate & number of workers in short-work schemes (% of 2019 labor force)](/content/onemarketing/ehndbx/eulerhermes_com/en_global/news-insights/economic-insights/eurozone-kurzarbeit-this-time-is-different/_jcr_content/root/parsys/wrapper/wrapper/wrapper/wrapper/image.img.82.3360.png/1591169147374/labor1.png)
Sources: Refinitiv, Allianz Research
Figure 2: Use of state guaranteed loans & partial unemployment
![Figure 2: Use of state guaranteed loans & partial unemployment](/content/onemarketing/ehndbx/eulerhermes_com/en_global/news-insights/economic-insights/eurozone-kurzarbeit-this-time-is-different/_jcr_content/root/parsys/wrapper/wrapper/wrapper_copy/wrapper/image.img.82.3360.png/1591169209046/labor2.png)
Source: Allianz Research
Figure 3: Euler Hermes Sector Risk Rating for Germany vs. use of Kurzarbeit
![EH Sector Risk Rating for Germany vs. use of Kurzarbeit](/content/onemarketing/ehndbx/eulerhermes_com/en_global/news-insights/economic-insights/eurozone-kurzarbeit-this-time-is-different/_jcr_content/root/parsys/wrapper/wrapper/wrapper_copy_copy/wrapper/image.img.82.3360.png/1591169268285/labor3.png)
Sources: Euler Hermes, ifo Institute, Allianz Research
Figure 4: Employment (as share of total) in “late-bloomer” sectors
![Figure 4: Employment (as share of total) in “late-bloomer” sectors](/content/onemarketing/ehndbx/eulerhermes_com/en_global/news-insights/economic-insights/eurozone-kurzarbeit-this-time-is-different/_jcr_content/root/parsys/wrapper/wrapper/wrapper_copy_copy_co/wrapper/image.img.82.3360.png/1591169330442/labor4.png)
Sources: Eurostat, Allianz Research
Figure 5: Zombie Employment
![Figure 5: Zombie employment](/content/onemarketing/ehndbx/eulerhermes_com/en_global/news-insights/economic-insights/eurozone-kurzarbeit-this-time-is-different/_jcr_content/root/parsys/wrapper/wrapper/wrapper_copy_copy_co_1002825569/wrapper/image.img.82.3360.png/1591169374210/labor5.png)
Sources: Eurostat, Allianz Research