EVOLUTIONS OF UNEMPLOYMENT AMONG THE YOUNG OVER
        THE ECONOMIC AND FINANCIAL DOWNTURN


 Mariana Bălan, Institute for Economic Forecasting-INCE, Romanian Academy, Athenaeum
                               University, Bucharest, Romania
  Carmen-Marilena Uzlău, Institute for Economic Forecasting-INCE, Romanian Academy,
                         Hyperion University, Bucharest, Romania
              Corina Maria Ene Hyperion University, Bucharest, Romania

ABSTRACT: The downturn on the global financial markets that struck the world economy in
the mid 2008 affected the world economy in its whole, nevertheless, it also had a great impact
upon the labour force market in the European countries. After several years of economic
growth and of relatively high labour force occupation rate, this caused EU to register levels
of decrease that had not been registered for decades.
It is crucial to know the unemployment rate among the young in order to transform the young
into active persons by means of specific policies aimed at this population category. The
difficulties met by the young on the labour market have significant consequences upon their
standard of living, upon their families and upon the national or international communities to
which they belong. The most important effects of the young’s inactivity are: the risk of
poverty, the incapacity to play an active role in the development of the society, the lack of
freedom in changing the society of which they form part.
This work presents a short analysis of the unemployment among the young at world level, at
the European Union’s level and Romania’s level.
The current economic recession imposed and still imposes on the EU member states’
governments to strongly interfere on the labour force market, especially in the field of youth
occupancy. This work also deals with several of the measures adopted by different European
states for the reduction of the unemployment rate among the young as well as for their
introduction on the labour market.

Keywords: unemployment, economic and financial downturn, occupancy,

JEL Codes: E24, J61, J64, J65