Romania Unit Labour Costs  Forecast


Romania Unit Labour Costs
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Labour Costs in Romania is expected to be 92.81 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Romania to stand at 96.64 in 12 months time. In the long-term, the Romania Unit Labour Costs is projected to trend around 97.11 Index Points in 2020, according to our econometric models.


Romania Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 4.9 5.2 5.1 5 5.1 5.4
Employed Persons 4870 4881 4890 4900 4909 4986
Unemployed Persons 353 349 360 370 377 435
Long Term Unemployment Rate 2 2.19 2.28 2.31 2.35 2.62
Youth Unemployment Rate 16.8 16.03 16.14 16.28 16.43 17.42
Labour Costs 121 92.81 119 120 96.64 97.11
Job Vacancies 1.22 1.08 1.03 0.97 0.94 1
Wages 3305 3297 3297 3297 3295 3282
Wages in Manufacturing 2969 2974 2974 2972 2971 2954
Minimum Wages 275 250 302 301 308 300
Population 19.64 19.64 19.58 19.58 19.58 19.26
Retirement Age Women 60.67 61 61 61 61 62
Retirement Age Men 65 65 65 65 65 64
Wages High Skilled 2760 2150 2227 2266 2305 2177
Wages Low Skilled 1350 1177 1221 1243 1266 1199
Labor Force Participation Rate 56.6 53.51 53.42 56.17 56.43 54.86
Living Wage Family 2210 2190 2165 2153 2140 2157
Living Wage Individual 1370 1314 1303 1298 1293 1308
Part Time Employment 674 614 615 662 668 694
Productivity 121 154 117 120 147 150
Employment Change -0.6 -0.19 -0.32 -0.33 -0.3 -0.31
Employment Rate 65.5 61.4 61.57 64.95 64.86 62.29
Full Time Employment 7942 7636 7587 7631 7683 7696