EIRP Proceedings, Vol 7 (2012)

Abstract

The world enters in the year 2012 facing a stark reality, one in three workers in the labor force is currently either unemployed or poor. According Eurostat, 24.325 million men and women in the EU-27, of whom 16.925 million were in the euro area EA-17, were unemployed in January 2012. These data reflect acute problems in labor markets, in part created by the financial crisis and, if labor conditions remain unfavorable for a long period, these problems could transform into another chronic problem. This paper takes, according to the statistical database, a comparative perspective on the labor market impact of the actual global crisis on Romania and European area. It starts from the reality that global crisis had a significant impact on the development of unemployment in Europe countries, the rise in unemployment, being in relation to GDP reductions, varies. In this reality, only economic and social policies are fair, consistent, well-focused, efficient, which can reduce risks and keep a balanced budget and social order.