Labor Force Participation Rate in Romania increased to 55.10 percent in the second quarter of 2020 from 54.50 percent in the first quarter of 2020.

Labor Force Participation Rate in Romania averaged 56.93 percent from 1996 until 2020, 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 October 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 54.50 67.80 52.70 1996 - 2020 percent Quarterly
NSA

Romania Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.30 5.40 8.70 3.70 percent [+]
Employed Persons 4895.50 4897.00 8496.00 4095.20 Thousand [+]
Unemployed Persons 286.70 283.90 1291.30 65.30 Thousand [+]
Long Term Unemployment Rate 1.50 1.60 5.30 1.50 percent [+]
Youth Unemployment Rate 16.90 16.90 25.50 15.30 percent [+]
Labour Costs 157.10 165.40 165.40 2.10 points [+]
Job Vacancies 0.71 0.84 2.14 0.50 percent [+]
Wages 5337.00 5468.00 5468.00 1.02 RON/Month [+]
Wages in Manufacturing 4572.00 4609.00 4772.00 203.00 RON/Month [+]
Minimum Wages 460.77 466.23 466.23 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 [+]
Labor Force Participation Rate 55.10 54.50 67.80 52.70 percent [+]
Part Time Employment 543.10 473.20 1458.10 473.20 Thousand [+]
Productivity 109.40 121.20 121.60 40.50 points [+]
Wage Growth 2.20 1.90 283.30 -1.90 percent [+]
Full Time Employment 7705.80 7801.70 8640.40 7228.10 Thousand [+]
Employment Change -1.90 -0.40 3.60 -10.40 percent [+]
Employment Rate 65.20 66.00 69.10 55.40 percent [+]