Abstract:

The paper analyzed the correlation between economic growth, unemployment and employment in Romania in the period  2003-2014. The statistical parameters, Pearson correlation, regression function and elasticity were used to characterize the main trends and links between these three macroeconomic  indicators. In the analyzed period, GDP increased 2.83 times reaching Euro Bil. 52.9 in 2014, while unemployment declined by 10 % and employment by 9.74 %.  The economy was affected by the economic crisis in 2009, but since 2010 GDP registered a recovery based on a "jobless growth". The correlation coefficient r = - 0.5751 confirmed the negative link between GDP and Unemployment, while  r = 0.3767 reflected a weak positive relation GDP x Employment.