UNDERSTANDING JOB VACANCIES IN THE BUCHAREST-ILFOV REGION BETWEEN 2020 AND 2024

The COVID-19 pandemic had a significant impact upon the labour markets around the globe. The EU countries were no exception. Throught the pandemic, Romania was characterised by low unemployement levels and low job vacancy rates. However, the level of job vacancy rate at regional level is determined by the developemnt level of the region. Bucharest-Ilfov is the region with highest resilience with regard to the labour market. Therefore, the aim of this paper is to analyse the Job Vacancy Rate in the Bucharest Ilfov Region by activity of national economy at level CANE Rev. 2. More specifically, the presence of seasonality will be explored and seasonal adjustme will be performed where necessary. Using JDEMETRA 3.3.0. Particularly, the following tests are used to determine which series present seasonality: Auto-correlations at seasonal lags, Friedman, Kruskal-Wallis, Periodogram, Seasonal dummies. Next, the automatic procedure in TRAMO-SEATS and X13 packages is used in order to persome seasonal adjustment. The following two series present seasonality: Job Vacancy Rate in the Bucharest-Ilfov Region in Education; Job Vacancy Rate in the Bucharest-Ilfov Region in Financial and Insurance Activities. The automatic procedure in X13 comptuted better results in both series. For the Job Vacancy Rate in the Bucharest-Ilfov Region in Education a special correction for outliers was necessary.