Romania posts 8th-lowest unemployment rate in the EU

Romania ranked eight among the European Union member states with the lowest unemployment rate in July, with 4.2 percent of its workforce trying to find a job, according to Eurostat released on Friday. Greece, Spain and Italy post the highest jobless rates in EU.

Romania’s unemployment rate (under ILO standard) stood in July to 4.2 percent – the lowest level in more than two decades – for the third month in a row, despite a slight increase of jobless number, National Institute of Statistics (INS) revised data show.

“The EU28 unemployment rate was 6.8% in July 2018, down from 6.9% in June 2018 and from 7.6% in July 2017. This is the lowest rate recorded in the EU28 since April 2008,” Eurostat said.

Among the EU member states, the lowest unemployment rates were recorded in July in the Czech Republic (2.3 percent), Germany (3.4 percent), and Poland (3.5 percent).

The highest unemployment rates were observed in Greece (19.5 percent in May 2018), Spain (15.1 percent), Italy (10.4 percent), France (9.2 percent) and Croatia (8.8 percent).