Unemployment in Romania

Romania Unemployment | Economic News & Forecasts

Romania - Unemployment

Available indicators suggest that the economy expanded at a solid annual pace in Q3. Although retail sales growth softened from the prior quarter, it remained robust in July–August, which, coupled with a lower unemployment rate in the same period, suggests healthy household spending in Q3. Meanwhile, industrial output declined at a softer monthly pace in July–August, pointing to a slight improvement in private sector activity. Turning to Q4, the collapse of the coalition government on 5 October plunged the country into political crisis. After a failed first attempt by USR party leader Dacian Ciolos on 20 October, the second prime minister-designate Nicolae Ciuca gave up his mandate just before a confidence vote took place in the parliament. President Klaus Iohannis will now have to nominate a new designate or call snap elections.

Romania - Unemployment Data

2015   2016   2017   2018   2019  
Unemployment Rate6.8  5.9  5.0  4.2  3.9  

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Romania Unemployment Chart

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

Romania Facts

Value Change Date
Bond Yield4.490.23 %Dec 31
Exchange Rate4.26-0.34 %Dec 31

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