Romania's seasonally adjusted unemployment rose to 5.2 percent in May 2020 from 4.8 percent in the prior month. This was the highest jobless rate since May 2017 as the number of unemployed increased by 31 thousand to 463 thousand. Meanwhile, the unemployment rate went up for both men (6.1 percent vs 5.4 percent) and women (4.0 percent vs 3.9 percent).
Unemployment Rate in Romania averaged 6.29 percent from 2004 until 2020, reaching an all time high of 8.70 percent in January of 2004 and a record low of 3.70 percent in January of 2020. This page provides the latest reported value for - Romania Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Romania Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020.
Unemployment Rate in Romania is expected to be 7.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Romania to stand at 7.50 in 12 months time. In the long-term, the Romania Unemployment Rate is projected to trend around 6.90 percent in 2021 and 4.20 percent in 2022, according to our econometric models.