THE IMPACT OF COVID-19 ON THE LABOR MARKET IN ROMANIA – QUARTERLY ANALYSIS 2019-2021
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Authors:
• Brînduşa Mihaela RADU, email: bmradu@yahoo.com, Afiliation: Athenaeum University Bucharest
• Mariana BĂLAN, email: dr.mariana.balan@gmail.com, Afiliation: Institute for Economic Forecasting – NIER, Romanian AcademyPages:
• 26|34 -
Keywords: Labor market, quarterly analysis, Covid-19 pandemic
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Abstract:
The spread of infections with the new coronavirus COVID-19 at such an alert rate that left its mark on all of humanity in the first part of 2020 has practically placed the economies and labor markets around the world in a state of expedite. The interruption of global supply chains, the dramatic decrease in commercial activities, the discouragement of demand, the reduction of working time, the blocking of some sectors of activity in the economy of each country led to the establishment of a strong recession. Starting from the effects of the measures to limit and prevent the spread of COVID-19 on the labor market - of the nature of the work organization system at the micro level, the measures to adjust the policies subordinated to the management of the workforce, etc. - the short-term effects were identified and estimated, medium and long from the perspective of work continuity and efficiency but also of economic and social inequalities and inequities. This paper analyzes the main indicators of the labor market, starting from the analysis of the phenomenon from the pre-pandemic period (year 2019), then extending the analysis of this phenomenon for the period 2020-2021.
