YOUTH LABOR MARKET EVOLUTION UNDER THE IMPACT OF THE COVID-19 PANDEMIC
ct The onset of the health crisis found the youth labor market still fragile after the economic and financial crisis in 2008-2009. In the period 2012-2019, at the level of the European Union, the employment rate among young people (15-29 years old) increased from 49.9% to 57.3%, but did not reach...
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| Format: | Article |
| Language: | English |
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Academica Brâncuşi
2022-08-01
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| Series: | Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie |
| Subjects: | |
| Online Access: | https://www.utgjiu.ro/revista/ec/pdf/2022-04/05_Balan.pdf |
| _version_ | 1798018943207604224 |
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| author | MARIANA BĂLAN BRÎNDUȘA MIHAELA RADU |
| author_facet | MARIANA BĂLAN BRÎNDUȘA MIHAELA RADU |
| author_sort | MARIANA BĂLAN |
| collection | DOAJ |
| description | ct
The onset of the health crisis found the youth labor market still fragile after the economic and financial crisis
in 2008-2009. In the period 2012-2019, at the level of the European Union, the employment rate among young people
(15-29 years old) increased from 49.9% to 57.3%, but did not reach the value before the crisis (61.7% in 2007). The
unemployment rate increased by 0.7 percentage points during 2012-2014, after which it continued to decrease,
reaching 10.8% in 2019. However, these aggregate figures mask considerable variations and inequalities between
Member States. In addition, the share of NEET youth did not decrease significantly during the post-crisis period. As the
pandemic spread, the prevalence of NEET status, inactivity in the labor market and informal work among young people
increased even more than unemployment among them.
The economic and social consequences of the Covid-19 pandemic have been and still are significant on young
people. The health crisis has been particularly severe for young people causing disruptions in their education, training
and learning in the workplace, but also the loss of jobs and income, increasing the difficulties of young people looking
for a job.
The paper presents an analysis of the evolution of the labor market for young people aged 15 to 29, in terms of
employment, unemployment and NEET rate, highlighting the differences between young people by various age
segments and level of education, along with disparities of gen.
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| first_indexed | 2024-04-11T16:32:45Z |
| format | Article |
| id | doaj.art-8cc6afa97291459299f9783b54e774f6 |
| institution | Directory Open Access Journal |
| issn | 1844-7007 |
| language | English |
| last_indexed | 2024-04-11T16:32:45Z |
| publishDate | 2022-08-01 |
| publisher | Academica Brâncuşi |
| record_format | Article |
| series | Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie |
| spelling | doaj.art-8cc6afa97291459299f9783b54e774f62022-12-22T04:13:56ZengAcademica BrâncuşiAnalele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie1844-70072022-08-0144757YOUTH LABOR MARKET EVOLUTION UNDER THE IMPACT OF THE COVID-19 PANDEMICMARIANA BĂLAN0BRÎNDUȘA MIHAELA RADU1UNIV. PROF. PHD., SR I, INSTITUTE FOR ECONOMIC FORECASTING - NIER, ROMANIAN ACADEMYASSOCIATE PROF. PHD, SR III, INSTITUTE FOR ECONOMIC FORECASTING - NIER, ROMANIAN ACADEMct The onset of the health crisis found the youth labor market still fragile after the economic and financial crisis in 2008-2009. In the period 2012-2019, at the level of the European Union, the employment rate among young people (15-29 years old) increased from 49.9% to 57.3%, but did not reach the value before the crisis (61.7% in 2007). The unemployment rate increased by 0.7 percentage points during 2012-2014, after which it continued to decrease, reaching 10.8% in 2019. However, these aggregate figures mask considerable variations and inequalities between Member States. In addition, the share of NEET youth did not decrease significantly during the post-crisis period. As the pandemic spread, the prevalence of NEET status, inactivity in the labor market and informal work among young people increased even more than unemployment among them. The economic and social consequences of the Covid-19 pandemic have been and still are significant on young people. The health crisis has been particularly severe for young people causing disruptions in their education, training and learning in the workplace, but also the loss of jobs and income, increasing the difficulties of young people looking for a job. The paper presents an analysis of the evolution of the labor market for young people aged 15 to 29, in terms of employment, unemployment and NEET rate, highlighting the differences between young people by various age segments and level of education, along with disparities of gen. https://www.utgjiu.ro/revista/ec/pdf/2022-04/05_Balan.pdfyouthunemploymentemploymentneet rateinactivity |
| spellingShingle | MARIANA BĂLAN BRÎNDUȘA MIHAELA RADU YOUTH LABOR MARKET EVOLUTION UNDER THE IMPACT OF THE COVID-19 PANDEMIC Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie youth unemployment employment neet rate inactivity |
| title | YOUTH LABOR MARKET EVOLUTION UNDER THE IMPACT OF THE COVID-19 PANDEMIC |
| title_full | YOUTH LABOR MARKET EVOLUTION UNDER THE IMPACT OF THE COVID-19 PANDEMIC |
| title_fullStr | YOUTH LABOR MARKET EVOLUTION UNDER THE IMPACT OF THE COVID-19 PANDEMIC |
| title_full_unstemmed | YOUTH LABOR MARKET EVOLUTION UNDER THE IMPACT OF THE COVID-19 PANDEMIC |
| title_short | YOUTH LABOR MARKET EVOLUTION UNDER THE IMPACT OF THE COVID-19 PANDEMIC |
| title_sort | youth labor market evolution under the impact of the covid 19 pandemic |
| topic | youth unemployment employment neet rate inactivity |
| url | https://www.utgjiu.ro/revista/ec/pdf/2022-04/05_Balan.pdf |
| work_keys_str_mv | AT marianabalan youthlabormarketevolutionundertheimpactofthecovid19pandemic AT brindusamihaelaradu youthlabormarketevolutionundertheimpactofthecovid19pandemic |