Romania's jobless rate rises to 5% in 2020
Image by Victoria Labadie / Shutterstock.com
Romania's unemployment rate rose to 5% in 2020, from 3.9% in the previous year, the Bucharest-based National Statistical Office (INS) said on Tuesday, citing provisional data.
Some 8.9 million people were economically active in Romania at the end of 2020, out of which 452,000 were unemployed, the statistics agency said. In 2020, the employment rate for population aged 20-64 years was 70.8%, 0.8 percentage points over the national target of 70% established in the context of Strategy Europe 2020.
The employment rate population aged between 15 and 64 years was 65.6%, decreasing by 0.2% percentage points as compared to the previous year. As in the previous years, the employment rate was higher for men (74.4% compared to 56.5% for women). By residence area, the employment rate was higher for residents from urban areas (67.1% as against 63.8% in rural areas).
The employment rate for youth aged between 15 and 24 years was 24.6%, while for elderly aged between 55 and 64 years was of 48.5%. Compared to 2019, employment decreased most significantly in manufacturing, agriculture, forestry and fishing in 2020.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.