Romania Unemployment Rate  Forecast


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Unemployment Rate in Romania is expected to be 5.20 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 5.10 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.


Romania Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 5 5.2 5.1 5 5.1 5.4
Employed Persons 4862 4877 4886 4896 4905 4982
Unemployed Persons 362 377 386 393 401 453
Long Term Unemployment Rate 2.4 2.6 2.62 2.64 2.67 2.85
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 52.9 53.54 53.2 54.2 54.61 54.19
Living Wage Family 2210 2190 2165 2153 2140 2157
Living Wage Individual 1370 1314 1303 1298 1293 1308
Part Time Employment 515 572 568 587 595 627
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 7540 7636 7587 7631 7683 7696