Long Term Unemployment Rate in Romania increased to 1.60 percent in the fourth quarter of 2019 from 1.50 percent in the third quarter of 2019.

Long Term Unemployment Rate in Romania averaged 3.15 percent from 1997 until 2019, reaching an all time high of 5.30 percent in the fourth quarter of 2003 and a record low of 1.50 percent in the second quarter of 2019. This page provides - Romania Long Term Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Romania Long Term Unemployment Rate - values, historical data and charts - was last updated on July of 2020.

Long Term Unemployment Rate in Romania is expected to be 1.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Long Term Unemployment Rate in Romania to stand at 0.80 in 12 months time. In the long-term, the Romania Long Term Unemployment Rate is projected to trend around 0.80 percent in 2021 and -1.90 percent in 2022, according to our econometric models.

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Romania Long Term Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.60 1.50 5.30 1.50 1997 - 2019 percent Quarterly

Romania Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.20 4.80 8.70 3.70 percent [+]
Employed Persons 4908.60 4976.30 8496.00 4095.20 Thousand [+]
Unemployed Persons 251.90 250.90 1291.30 65.30 Thousand [+]
Long Term Unemployment Rate 1.60 1.50 5.30 1.50 percent [+]
Youth Unemployment Rate 17.40 17.40 25.50 15.30 percent [+]
Labour Costs 165.40 113.80 165.40 2.10 points [+]
Job Vacancies 0.84 0.95 2.14 0.50 percent [+]
Wages 5201.00 5386.00 5465.00 1.02 RON/Month [+]
Wages in Manufacturing 4175.00 4574.00 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 [+]
Labor Force Participation Rate 55.10 55.80 67.80 52.70 percent [+]
Part Time Employment 498.10 504.20 1458.10 495.80 Thousand [+]
Productivity 121.20 121.60 121.60 40.50 points [+]
Wage Growth 8.80 8.00 283.30 -1.90 percent [+]
Full Time Employment 7899.80 7978.20 8640.40 7228.10 Thousand [+]
Employment Change -0.10 0.60 3.60 -10.40 percent [+]
Employment Rate 65.40 66.00 69.10 55.40 percent [+]


Romania Long Term Unemployment Rate
In Romania, the long term unemployment rate refers to the share of unemployed persons since 12 months or more in the total number of active persons (those who are either employed or unemployed) in the labour market.