Theoretical and Applied Economics (Apr 2007)

The Crisis on the Labor Market in Romania

  • Ioan Cindrea

Journal volume & issue
Vol. 4(509), no. 4(509)
pp. 25 – 28

Abstract

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In the last 17 years the labor market in Romania has suffered deep changes. We can found two distinct stages regarding the evolutions on the labor market in Romania after 1989. The first stage, which includes the period 1990 – 2003, is defined as a period of deep restructurations of the Romanian economy. It is characterized as a period of relatively high unemployment and the undertaken actions were directed mainly at limiting the unemployment and its harmful effects on the society. We consider that after 2005 the employment evolution heads towards a new crisis on the labor market, but its cause is not a high unemployment, but rather an offer dropping on the labor market. The causes and the possible solutions are delivered in this script.

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