Career opportunities in a downturn society

Author:Carmen Radu - Liviu Radu
Position:Lecturer, Ph..D, Faculty, of Social and Administrative Sciences, 'Nicolae Titulescu' University, Bucharest - Lecturer, Ph.D, Faculty of Social and Administrative Sciences, 'Nicolae Titulescu' University, Bucharest
Pages:283-292
Carmen Radu • Liviu Radu
283
LESIJ NR. XVIII, VOL. 2/2011
CAREER OPPORTUNITIES IN A DOWNTURN SOCIETY
Carmen RADU
Liviu RADU
Abstract
The world crisis that began in 2008 has negative influences over financial and economical-
social structures, mainly affecting the young working population. The most affected by the current
economical and financial crisis is the youth. Jobs offer for young people seems to have decreased
to a significant extent, while they of all categories of job candidates are the most affected precisely
due to their lack of experience and to the high costs for training new employees under the current
competitive labour market conditions. Data from a study by the National Employment Agency
indicate for 2010 that only 6.36% of young unemployed (under the age of 25) found jobs within the
first three months. In the same time, the main specializations for which personnel was still being
recruited at the end of 2010 were IT, outsourcing, accountancy, engineering, retail and
pharmaceuticals, according to recruitment agencies.
Keywords: Young graduates unemployment, EU unemployment, chances of employment,
downturn, international financial crisis, learning and education, professional experience and
training, emigration, broken families.
Introduction
In Romania, a country continuously troubled by transition, reforms, motions and internal
crises, all overlapping on the global financial and economic crisis, we are beginning to wonder
whether we are somehow too many or too young or untrained for finding our purpose within this
system. The consequences of the global economic crisis triggered in 2008 are being felt worldwide
economic.
Thus, the unemployment rate among young people increased in all the Member States of the
European Union. At European level, university graduates face the greatest difficulties in finding a
job to be appropriate for their training level. In early 2009, approximately 17.5% of young
Europeans did not have a job, compared with 14.7% in early 2008.
The labour market deterioration in Romania occurs in the third consecutive year of recession,
amidst an unprecedented austerity plan. In November 2010 35.6% of young people aged between
15 and 24 years were unemployed, compared to 27.8% during the same period of last year.
Women are more affected by unemployment than men, with an unemployment rate of 17% in
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Lecturer, Ph..D, Faculty, of Social and Administrative Sciences, “Nicolae Titulescu” University, Bucharest
(e-mail: cradu@univt.ro).
Lecturer, Ph.D, Faculty of Social and Administrative Sciences, “Nicolae Titulescu” University, Bucharest (e-
mail: lradu@univt.ro).

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