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March 21, 2023

Unemployment rate drops

The unemployment rate in May dropped to 7.67 per cent, compared to 8.07 per cent in April, the total number of unemployed amounting to 701,854, that is, 36,333 less than the preceding month, the National Employment Agency (ANOFM) informs, quoted by Mediafax. However, the 7.67 per cent unemployment rate reported in May 2010 is almost 2 per cent higher than in the same month of 2009, when it amounted to 5.70 per cent. Of the total number of the unemployed registered with county employment agencies, 291,072 are women, in whose ranks the unemployment rate is 6.88 per cent. Employers in Romania forecast a mild surge in employment July through September, after five successive negative quarterly estimates, according to a survey by human resources company Manpower. The net hiring forecast, an indicator watched by the survey concerned, returned to a positive value, 2 per cent. The indicator represents the difference between the proportion of employers predicting a rise in employment volume and those who think exactly the opposite would happen. Experts say 21 per cent of managers expect the hiring rate would go up, 19 per cent, down, and nearly 60 per cent think the number of workforce would stay put. A number of 751 human resources managers have been interviewed for the study. “It will take some time until the labour market returns to a situation comparable to that before the recession,” Manpower General Manager Camelia Stanculescu said, adding that higher employment predictions and joblessness rate continuing being on the rise would play a major role in balance being regained this year. Employers in five of Romania’s eight regions forecast employment would be on the rise in the third quarter. Internationally speaking, employers from 31 states and territories of the 36 surveyed expect hiring to rise during July-September.

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