This thesis deals with the issue of the impact of the economic crisis on the labour market. In the paper, research was carried out on the topic of the impact of crisis periods on the labour market, in which was shown what the current reality of the labour market is since the beginning of the Covid-19 crisis. The impact of the world economic crisis on national economies and the impact of the financial crisis on the demand for work and employment, as well as the groups that are most affected by the economic crisis, are conceptually explained. The impact of the economic crisis in the countries of Central, Eastern and Southeastern Europe is clarified through the concept of the collapse of the economy in Central and Eastern Europe. Bridging the financial crisis in the countries of Central and Eastern Europe as well as the effectiveness of macroprudential policies in the countries of Central and Southeastern Europe were also explained. The analysis of the trend of foreign direct investments in the countries of Central and Southeastern Europe shows the importance of it for the GDP of the EU. The role of institutions on the labour market in crisis conditions is also important as a part of this thesis to show that they have an impact on the labour market as well as the employment rate just as much as the government. The aim of the work is to show in more detail the effects of the economic crisis on the labour market and how institutions help, how the public and the economy of Europe struggled with the decline of the economy due to the crisis and how effective the methods they implemented were. The purpose of the research was to show how Covid-19 affected the economy and employment of European countries, including the Republic of Croatia.