Unemployment in Romania

Romania Unemployment | Economic News & Forecasts

Romania - Unemployment

Fourth-quarter growth moderated somewhat but was nonetheless upbeat, landing roughly in line with analysts’ expectations. Household spending remained firmly in the driver’s seat, as consumers appeared to benefit from the tight labor market and lower inflation. Investment continued to contract; absorption of EU-linked structural funding was sluggish. On the external front, weaker industrial output regionwide ate into local manufacturing activity and bruised export growth. Looking at the new year, some familiar trends stand out. On the upside, unemployment fell lower in January and retail sales jumped. On the downside, industrial output growth stalled. In late March, facing a stock-market backlash, the government largely scrapped its controversial new tax on banks’ assets; the move should lift business confidence and, in turn, investment.

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

Bond Yield5.010.23 %Apr 22
Exchange Rate4.23-0.34 %Apr 22
Stock Market8,113-0.59 %Apr 22

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