Romania's seasonally adjusted unemployment rate edged up to 3.9 percent in July 2019 from a downwardly revised 3.8 percent in the previous month, with the number of unemployed rising by 10.4 thousand to 351.6 thousand. The unemployment rate increased for men (4.4 percent vs 4.1 percent), while slipped for women (3.3 percent vs 3.4 percent). Unemployment Rate in Romania averaged 6.40 percent from 2004 until 2019, reaching an all time high of 8.70 percent in January of 2004 and a record low of 3.90 percent in September of 2018.
Unemployment Rate in Romania is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Romania to stand at 3.70 in 12 months time. In the long-term, the Romania Unemployment Rate is projected to trend around 3.90 percent in 2020, according to our econometric models.