THE IMPACT OF THE FINANCIAL AND ECONOMIC CRISIS ON THE EVOLUTION AND STRUCTURE OF UNEMPLOYMENT IN ROMANIA

• Main Authors: Lazăr Mirela, Lazăr Cornel
• Format: Article
• Language: English
• Published: Academica Brâncuşi 2013-06-01
• Series: Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie
• Subjects: unemployment; registered unemployed; ILO unemployed; economic and financial crisis
• Online Access: http://www.utgjiu.ro/revista/ec/pdf/2013-03/15_Lazar%20Mirela,%20Lazar%20Cornel.pdf

Unemployment represents one of the economic and social phenomena highly sensitive to changes in the dynamics and structure of the national economy. The impact of the financial crisis, triggered at the end of 2008, had dramatic consequences also on the Romanian economy, which was still fragile and quickly responded as a restriction, a retreat, both preventively and curatively. Negative evolutions occurred in the immediate future in all areas, both economic and social, for many economic operators unemployment representing one of the alternatives to "mitigate" the effects of the crisis. In this context, the paper approaches a series of theoretical aspects related to determining the unemployment indicators and presents the evolution of the main field indicators, in Romania, after 2008, to highlight the negative influence of the global financial and economical crisis. Thus, the analysis of unemployment in Romania after 2008, the year that marked the beginning of the financial crisis, showed a rapid and significant increase of it, at least in 2009, illustrating this thorough the immediate reaction the significant impact of the crisis on the Romanian economy. Although the years 2010 and 2012 showed a slight easing of the situation, the beginning of 2013, as a consequence of the deepening financial problems and of a particularly tense global climate, marked a new period of rising unemployment. Recourse to unemployment, as a result and in response to the financial crisis is a measure which, although apparently has a preventive character of bankruptcy, it will surely not give positive results in the future. It is just a postponement of it, which will ultimately lead to the drastic compression of the activity, to the collapse.