Analysis of the Evolution of Unemployment in Romania

Abstract

The main objective of this paper is to evaluate the existing situation of the labour market, from the unemployment standpoint. The present article begins by reviewing the literature and goes on to analyze the evolution of unemployment in Romania. The present study indicates that unemployment is higher among men than among women. This phenomenon has become apparent after the economic crisis when the fields most affected were production and construction in which most employees are male. It is predicted that the large number of unemployed individuals will not be diminished, even after the end of the crisis. Even if the economy returns to normal and consumers begin using consumer goods again, this increase will only be able to absorb a small fraction of the unemployed.