23
January

Click the image to see it full size. Focussing in unemployment rates only is misleading in the Romanian case. By calculating the difference between employed persons at the begin of transition and the recovery of the labor market in 2005 we can conclude a job destruction of some 2.5 million jobs. Retirement, subsistence agriculture, illicit work or work abroad have been the main alternatives to unemployment for many people in Romania. The CNP estimates the number of active persons on the labor market to grow up to 9.5 million by 2014. The low level of real wages still makes the labor market less attractive for a considerable share of the potential labor force.

Back to Romania: Unemployment and Employment.

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