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September 26, 2021

Unemployment rate up to 7.4 pct in Q1

The unemployment rate stood at 7.4 per cent in the first quarter of the year, 0.7 percentage points up from the same period of last year, when it stood at 6.7 per cent, shows a release the National Institute of Statistics (INS).

‘By gender, the gap between the two unemployment rates is of 2.4 percentage points (8.4 per cent being the figure for unemployed men and 6 per cent for unemployed women) and by place of residence the difference between the urban category (7.6 per cent) and the rural one (7.1 per cent) is of 0.5 per cent. The highest level of the unemployment rate (24.7 per cent) was recorded in the youth category (15-24 years),’ informed the institution.

According to the INS, the employment rate for the working age population (15-64 years) stood at 59.1 per cent, down 1.7 per cent from the figure recorded in the previous quarter. The employment rate was higher for men (66.8 per cent compared to 51.4 per cent for women). By place of residence, the employment rate recorded about the same values (59.5 per cent in the urban area and 58.7 per cent in the rural area). The employment rate among the youth (15-24 years) was of 23 per cent.

The employment rate recorded for the 20-64 years wider category was of 63.7 per cent, 6.3 per cent behind the national target of 70 per cent established in the context of the Europe 2020 Strategy. The economically active population of Romania numbered 8,892 million people in the first quarter of 2015, among whom 8,237 had a job and 655,000 were unemployed.


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