Economica (Sep 2024)

UNEMPLOYMENT CHALLENGES IN THE REPUBLIC OF MOLDOVA: ANALYSIS OF TRENDS AND COUNTERMEASURES

  • Oxana BARBANEAGRA,
  • Eudochia JOMIR

DOI
https://doi.org/10.53486/econ.2024.129.079
Journal volume & issue
Vol. 3, no. 129
pp. 79 – 94

Abstract

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Unemployment is a global phenomenon, which includes a profound economic and social imbalance, especially in transition economies such as the Republic of Moldova. This paper proposes to explore the complex effects of unemployment on social, psychological and economic life, highlighting both passive measures (unemployment benefits) and active ones (job creation, vocational training programs). It argues that an effective strategy to combat unemployment must combine financial support with active interventions to facilitate rapid reintegration into the labor market and improve the prospects of the unemployed. This analysis is supported by data provided by the National Agency for Employment, in line with international methodologies, highlighting the impact of long-term unemployment on poverty levels and employment prospects in the Republic of Moldova.

Keywords