Unemployment in Romania

Romania Unemployment | Economic News & Forecasts

Romania - Unemployment

Economic activity appears to have moderated a notch in the second quarter on a bleaker external backdrop, after having expanded at the fastest pace in more than a year in the first quarter. Industrial production flagged in May, as the lagged effect of Germany’s industrial slowdown took its toll on manufacturing activity, while sentiment in the industrial, service and retail sectors fell in Q2. Moreover, the current account deficit widened further in April-May. Nevertheless, domestic demand likely cushioned the slowdown in Q2, as a tight labor market and improved consumer sentiment should have buttressed private consumption. In politics, a pension law approved on 8 July is programmed to add a RON 8.4 billion burden to the 2019 budget. A budget rectification meeting is scheduled for 31 July, when policymakers must decide on measures to compensate for a RON 7 billion shortfall in order to meet the 3% deficit target for this year.

Romania - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate7.1  6.8  6.8  5.9  4.9  

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Romania Unemployment Chart


Romania Unemployment
Note: Unemployment in % of active population.
Source: National Institute of Statistics.

Romania Facts

ValueChangeDate
Bond Yield4.370.23 %Jul 31
Exchange Rate4.25-0.34 %Jul 31
Stock Market9,204-0.59 %Jul 31

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