The impact of the economic crises on Romanian labour market

Abstract:- The international economic crisis, initially emerging as a series of financial disruptions in the world’s highly developed countries, has severely destabilized all the sectors of our daily life, whether economic, social, cultural or otherwise. The labour market is the most afflicted area given its particular sensibility to negative stimuli. The important role played by this market (it ensures the labour supply in relation to the employment demand of firms), is no longer a new concept. Therefore, we can say that the Romanian labour market represents a good example to illustrate the difficulty of creating the conditions that could make labour supply more adaptive and flexible in a very dynamic business environment, satisfying a very exigent labour demand taking into account the technology evolution and building high quality new work places. In the last almost two decades, the evolution of the Romanian labour market was spectacular, by comparison to the analogue phenomena in the developed countries of the European Union. The transformations undergone by the labour market have been quite profuse and their impact on the environment significant. One of the most important ones being that the global economic crises generated a reduction of the general economic activity. As a direct consequence of this evolution, the labour market suffered a strong imbalance, a lot of Romanian workers are returning for a safe work place in Romania, but the national economy is not capable to help them. The subject of this paper is to make some appreciations about what could happen in the future and how the Romanian firms and authorities could react to one of the biggest issue of economic crises, respectively the unemployment and the instability of the work places in a very disturbing economic environment