Change in Unemployment between 2019 and 2020 in Romania and Republic of Moldova as a Result of Pandemic Crisis

Abstract

The pandemic crisis has affected the unemployment of the entire world between 2019 and 2020 and, in particularly, in Romania and Republic of Moldova. The aim of the paper is to analyze the impact that the Covid-19 crisis has influenced the employment and the rate of unemployment in 2020 compared to 2019 in the two neighboring countries that have certain similarities, but also differences in terms of the labor market. The economic activity was strongly influenced by the lockdowns imposed by the governments of the two countries, so that in many fields of activity lots of companies went bankrupt, which led to an increase of the unemployment rate in 2020, compared to the previous year.

Keywords

• employment
• unemployment rate
• lock-down