Romania Employment Rate - Forecast

Employment Rate in Romania is expected to be 63.29 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Employment Rate in Romania to stand at 65.11 in 12 months time. In the long-term, the Romania Employment Rate is projected to trend around 63.32 percent in 2020, according to our econometric models.


Forecast Data Chart
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Romania Labour Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 4.3 4 4.2 4.5 4.8 5.4
Employed Persons 4946 4958 4959 4959 4959 4959
Unemployed Persons 303 298 299 299 299 299
Long Term Unemployment Rate 1.9 1.74 1.73 1.71 1.7 1.64
Youth Unemployment Rate 16.6 16.63 16.63 16.63 16.63 16.63
Labour Costs 139 125 125 124 124 124
Job Vacancies 1.25 1.25 1.27 1.25 1.27 1.25
Wages 4449 4100 4200 4442 4441 4800
Wages in Manufacturing 3877 3420 3500 4382 4507 3650
Minimum Wages 407 407 450 450 450 500
Population 19.52 19.52 19.45 19.39 19.45 19.36
Retirement Age Women 60.92 60.92 61.17 60.92 60.92 61.42
Retirement Age Men 65 65 65 65 65 65
Labor Force Participation Rate 53.8 54.39 54.11 56.84 56.53 54.5
Living Wage Family 2210 2300 2400 2162 2173 2400
Living Wage Individual 1370 1293 1298 1303 1308 1309
Productivity 128 133 133 133 133 133
Part Time Employment 555 534 562 586 566 561
Wages Low Skilled 1350 1400 1400 1244 1233 1480
Wages High Skilled 2760 2800 2850 2253 2227 2900
Employment Change -0.3 -0.18 -0.21 -0.27 -0.25 -0.25
Employment Rate 65.5 63.29 63.19 65.37 65.11 63.32
Full Time Employment 7635 7774 7684 7900 7952 7801