LABOR MARKET AND THE COVID-19 PANDEMIC
-
Authors:
• Brînduşa Mihaela RADU, email: bmradu@yahoo.com, Afiliation: Institute for Economic Forecasting – NIER, Romanian Academy
• Lia ANTON, email: lia_anton@yahoo.com, Afiliation: Academy of Economic Studies from Moldova - Doctoral SchoolPages:
• 33|37 -
Keywords: labor market, COVID-19 pandemic, employment, vulnerable groups
-
Abstract:
The coronavirus pandemic has raised the unemployment rate in all European Union countries to alarming levels, with Spain being one of the countries with the highest number of unemployed registered in the last year, according to the latest Eurostat statistics. On the other hand, people in two parts of the Czech Republic are among the lucky ones who have managed to keep their jobs. Labor market volatility is also very noticeable in Romania, where many small and medium-sized businesses have found themselves in a position to lay off staff or to adapt to new trends, by changing the object of activity by 360%. But the full effects of the crisis are still unknown and could last for many years.
