The unemployment rate reported under ILO standards in Romania, seasonally adjusted, increased in October again after it had eased over the previous two months.

Thus, the share of the working-age population actively seeking employment hit 5.3% in October from 5.1% (revised data) in September, for the broadest age bracket (15-74 years).

The highest rate since the beginning of the crisis was reached in July (5.5%).

For the 25-74 year age bracket, the ILO unemployment rate rose to 4.3% in October from a revised 4.2% in September, yet remaining below the 4.5% peak reached in June-July.

The ILO unemployment rate in Romania, in October 2019, was 3.9% for the 15-74 age segment and 2.9% for the 25-74 year segment, amid a tight labor market.

The seasonally-adjusted number of unemployed people aged between 15 and 74 estimated for October was 477,000, up 4.8% from the previous month and 36% compared to October 2019.

(Photo: Pixabay)

andrei@romania-insider.com