Romania’s unemployment reaches 8-year low in November 2016

Romania’s jobless rate recorded a new low from the last eight years, with 521,000 people looking for a job, which was the equivalent of a 5.7 percent unemployment rate in November 2016, shows the data of the National Institute of Statistics (INS).

In October, there were 522,472 unemployed and the jobless rate was 5.8 percent.

The revised data shows that the unemployed number fell to 85,500 in the last year, from 606,698 in November 2015, says News.ro.

The unemployment rate is still the highest among men, with a rate of 6.5 percent in November 2016, while among women the unemployment rate is 4.7 percent, says the data.

The unemployment rate had a floating evolution in 2016, registering drops in the first four months of the year, in June, August and November, but also increases in May, July, September and October.

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The companies’ heads are complaining more and more often of the unqualified work force, that is starting to limit the businesses development from Romania.

The official data shows that the number of vacant workplaces in the local economy grew in the third quarter of 2016 by 16.5 percent compared with the same period of the previous year, at 62,900, despite the unemployment still high in some regions.

The counties Vaslui, with 11.7 percent and Teleorman, with 11.3 percent have the highest levels of unemployment from Romania, according to the National Agency Data for Work Force Occupancy.

Georgiana Bendre