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Unemployment in Hunedoara county

Author

Listed:
  • Claudia Isac

    (University of Petroșani, Romania)

  • Alina Nițescu

    (University of Petroșani, Romania)

Abstract

Unemployment highlights a state of imbalance on the labour market which is characterized by a surplus of workforce in relation to job vacancies. This imbalance has been more apparent in Hunedoara County than in other counties, due to the fact that there are 3 mono-industrial areas that have been restructured over the past two decades. The effects are presented in this paper in the form of a complex statistical analysis. Thus, based on the evolution of the number of unemployed individuals in 1995, one can observe the periods of significant adverse effects upon the degree of employment. Moreover, one can make correlations with periods of international financial crisis and with the number of employees in the County in order to determine significant variables of the unemployment phenomenon. The content of this paper is significant and represents the analysis of the number of unemployed in the Jiu Valley, scattered across towns. As a form of financial protection, the unemployment benefit represents a financial instrument in the cases determined by this negative phenomenon, which is why in conclusion we make a comparison of the ways this aid is granted throughout several years and in various forms.

Suggested Citation

  • Claudia Isac & Alina Nițescu, 2015. "Unemployment in Hunedoara county," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 15(2), pages 79-86.
    • Handle: RePEc:pet:annals:v:15:y:2015:i:2:p:79-86
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    More about this item

    Keywords

    unemployment; labour market; financial protection;
    All these keywords.

    JEL classification:

    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J42 - Labor and Demographic Economics - - Particular Labor Markets - - - Monopsony; Segmented Labor Markets

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