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Romanian Unemployment To Grow – Ctrl Bk Head

Romanian unemployment will increase in the following period and Romania needs more flexible labor regulations, structural reforms and “the courage to create new jobs,” central bank’s governor Mugur Isarescu said Friday.
Romanian Unemployment To Grow - Ctrl Bk Head
28 nov. 2008, 20:56, English

“The frictional and structural unemployment will certainly increase in the future,” Isarescu said.

The frictional unemployment refers to unemployed persons in transition between jobs, while the structural unemployment is a result of an imbalance between labor offer and demand.

Isarescu added that flexible labor regulations, structural reforms and “the courage to create new jobs” are solutions to keep the unemployment rate under control.