Romania’s registered unemployment rate dropped to 3.3% at the end of December 2018, 0.7 percentage points down from one year earlier and the lowest reading in the past decades.
The number of persons registered with the unemployment agencies decreased by nearly 18% from the end of 2017, to under 289,000 at the end of December. Out of them, only 62,000 were recipients of unemployment benefits.
More than 30% of the registered unemployed persons have no study at all, or up to four years of education. Those with higher education account for only 4.8% of the registered unemployed persons.
Romania’s unemployment rate, measured by the International Labour Bureau (ILO) standards and seasonally adjusted, dropped to 3.9% in November — the lowest level reported over the past decades as well. The record low ILO unemployment reflects a tight labour market after the Government pushed up repeatedly the minimum statutory wage.
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