EMPLOYMENT DYNAMICS IN THE CANDIDATE CENTRAL AND EAST EUROPEAN COUNTRIES USING THE PRINCIPAL COMPONENTS ANALYSIS

This paper attempts to analyze the employment dynamics in some Central and East European countries using the principal component analysis. The data considered regards the percentage of employees in the total labor force for seven branches of the economic activity in 2000. The analyses comprise six countries from Central and Southern Europe. Hungary, Slovakia and the Czech Republic are situated in the same area of the diagram which indicates that they have close employment dynamics. Slovenia, with a large agricultural sector is isolated to the left, Romania is centered and Poland is isolated to the top, the process of creating new jobs was slower here.