Romania's seasonally adjusted unemployment rate inched higher to 4 percent in October 2018 from a record low of 3.9 percent in the previous month. The number of unemployed went up 15.3 thousand to 370 thousand from 355 in a month earlier. Meanwhile, the unemployment rate for men edged up (4.6 percent from 4.5 percent in September) while that for women was steady (at 3.2 percent). Unemployment Rate in Romania averaged 6.52 percent from 2004 until 2018, reaching an all time high of 8.90 percent in January of 2004 and a record low of 3.9 percent in September of 2018.
Unemployment Rate in Romania is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Romania to stand at 4.80 in 12 months time. In the long-term, the Romania Unemployment Rate is projected to trend around 5.40 percent in 2020, according to our econometric models.