Annals of the University of Craiova: Economic Sciences Series (Dec 2019)
LABOR MARKET STUDY IN ROMANIA
Abstract
In this paper I aimed to outline an analysis of the evolution of the Romanian labor market. I performed a comparative analysis on labor resources and how they are used, employment, working conditions, in Romania, referring to data recorded on Eurostat. The research will be conducted at national level between 2016-2019. In the research I used the observation method based on the description of the indicators that characterize the labor market in Romania and in the EU member countries. Second, we analyzed the statistics provided by the NIS and identified measures that stimulate the growth of employment in order to achieve a sustainable development. The results show that employment in the EU continued to grow unexpectedly during the third quarter of 2017, while the unemployment rate continued to decline. In 2018, Romania registered 237.7 thousand inactive persons, the employment rate of the population aged 20-64 years was 69.9%. In the first quarter of 2019, the employment rate of the population aged 20-64 was 69.2%, down from the previous year and at a distance of 0.8 percentage points compared to the national target of 70% established in Europe 2020 strategy.
