Labor Force Participation Rate in Romania decreased to 55.10 percent in the fourth quarter of 2019 from 55.80 percent in the third quarter of 2019.

Labor Force Participation Rate in Romania averaged 56.98 percent from 1996 until 2019, reaching an all time high of 67.80 percent in the third quarter of 1996 and a record low of 52.70 percent in the first quarter of 2016. This page provides - Romania Labor Force Participation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Romania Labor Force Participation Rate - values, historical data and charts - was last updated on June of 2020.

Labor Force Participation Rate in Romania is expected to be 55.35 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in Romania to stand at 53.57 in 12 months time. In the long-term, the Romania Labor Force Participation Rate is projected to trend around 53.57 percent in 2021 and 53.60 percent in 2022, according to our econometric models.

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Romania Labor Force Participation Rate

Actual Previous Highest Lowest Dates Unit Frequency
55.10 55.80 67.80 52.70 1996 - 2019 percent Quarterly
NSA

Romania Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.80 4.60 8.70 3.70 percent [+]
Employed Persons 4976.30 4997.10 8496.00 4095.20 Thousand [+]
Unemployed Persons 250.90 256.70 1291.30 65.30 Thousand [+]
Long Term Unemployment Rate 1.60 1.50 5.30 1.50 percent [+]
Youth Unemployment Rate 17.70 17.70 25.50 15.30 percent [+]
Labour Costs 114.40 116.10 161.30 2.30 points [+]
Job Vacancies 0.84 0.95 2.14 0.50 percent [+]
Wages 5386.00 5243.00 5465.00 1.02 RON/Month [+]
Wages in Manufacturing 4574.00 4456.00 4772.00 203.00 RON/Month [+]
Minimum Wages 446.02 446.02 446.02 24.53 EUR/Month [+]
Population 19.41 19.53 23.21 18.32 Million [+]
Retirement Age Women 60.92 60.67 60.92 57.92 [+]
Retirement Age Men 65.00 65.00 65.00 62.92 [+]
Living Wage Family 2160.00 2200.00 2200.00 2100.00 RON/Month [+]
Living Wage Individual 1300.00 1330.00 1330.00 1250.00 RON/Month [+]
Part Time Employment 498.10 504.20 1458.10 495.80 Thousand [+]
Labor Force Participation Rate 55.10 55.80 67.80 52.70 percent [+]
Productivity 121.60 120.30 121.60 40.50 points [+]
Wage Growth 8.80 8.00 283.30 -1.90 percent [+]
Wages Low Skilled 1430.00 1240.00 1430.00 1060.00 RON/Month [+]
Wages High Skilled 2880.00 2290.00 2880.00 1860.00 RON/Month [+]
Full Time Employment 7899.80 7978.20 8640.40 7228.10 Thousand [+]
Employment Change 1.30 -0.70 4.00 -10.40 percent [+]
Employment Rate 66.00 66.70 69.10 55.40 percent [+]