YOUTH UNEMPLOYMENT IN THE EU AND ROMANIA - CHALLENGE OF EUROPEAN AND NATIONAL POLICIES

Teodor Marian Cojocaru
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Teodor Marian Cojocaru: UNIVERSITY OF CRAIOVA, FACULTY OF ECONOMICS, DEPARTMENT OF ECONOMICS, ACCOUNTING AND INTERNATIONAL AFFAIRS

Annals - Economy Series, 2021, vol. 1, 310-319

Abstract: The development prospects of the economy of any state are closely related to the character of the labour market, the degree of employability, the level of performance and labour productivity. In other words, a country's economy is directly reflected in the way the labuor market evolves in terms of typology and especially in terms of unemployment rate. As a relevant indicator of the level of development and of the balance of the economy, unemployment and implicitly the unemployment rate are in this context, key elements of regional and national strategies, with direct consequences on the level of life qualityand of sustainable development of the economy. We note that unemployment in both European and Romanian countries is still a challenge to be solved, with different features depending on the political, social, demographic and economic context of each Member State. Romania is, thus, one of the countries with an emerging economy, in which the labour market has mainly a different character, with frequent oscillations of the employability rate and, consequently, with a high level of instability of the economy in the medium and long term. In the same context, with a special role in the labour market, we identify the category of young people that represents a challenge for the European policy, both in terms of educational and professional level and in terms of employability rate.

Keywords: unemployment; youth unemployment rate; European policies; sustainable development (search for similar items in EconPapers)
Date: 2021
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