Changing trend? Romania’s unemployment rate rose in April for the first time in 7 months

Sorin Melenciuc 04/06/2019 | 11:06

Romania’s unemployment rate (under ILO standard) rose in April for the first time since October 2018 up to 4 percent, while the number of unemployed people increased by more than 6,000, National Institute of Statistics (INS) data showed on Tuesday.

Unemployment rate is the number of unemployed people as a percentage of the labour force, where the latter consists of the unemployed plus those in paid or self-employment.

The unemployment level registered in March – 3.9 percent, 347,202 jobless persons – was the lowest since International Labour Organization (ILO) unemployment statistical data are available in Romania (1993).

But the rate unexpectedly rose in April to 4 percent, as the number of unemployed people aged 15-74 increased to 353,855.

The unemployment rate among men exceeds the rate among women by 0.8 percentage point, with 4.3 percent for men and 3.5 percent for women.

More foreign workers

This year, the Romanian government has adopted a decree that increases quotas for non-EU foreign workers in 2019 up to 20,000 work permits, an all-time high number, as there is higher demand from local companies claiming they are affected by the workforce crisis.

Employers claim it’s harder than ever to find new workers in Romania in sectors like construction works or shipbuilding and prefer to bring foreign workers.

Emigration and labour shortage in Romania put increasing pressure on employers to find skilled workers in order to expand their businesses.

The Labour Ministry claims that more than 60,000 jobs are available and the companies offering them never find workers.

BR Magazine | Latest Issue

Download PDF: Business Review Magazine November 2023 Issue

The November 2023 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Mastercard On a Mission to Build an Inclusive Digital Economy”. To
Sorin Melenciuc | 27/11/2023 | 17:41
Advertisement Advertisement
Close ×

We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

Accept & continue