Romania’s ILO unemployment up 0.2pps y/y to 7.3% in January 2014
Romania’s seasonally-adjusted ILO unemployment rate remained constant from the previous month at 7.3% in January 2014 but edged up by 0.2pps y/y, the statistics office informed.
The rate is defined for the broadest 15-74 age brackets. For the narrower 25-74 age brackets, the rate was 5.8% in January - down from 5.9% in the previous months and up 0.1pps y/y.
In a longer-term comparison, the ILO unemployment is close to its highest levels reached during the recession years after increasing in the first half of 2013. At the end of 2012, the ILO unemployment decreased to 6.9%. The highest unemployment rate since the recession hit the country in late 2008 - of 7.7%, was reached in March 2010 and September 2011.
Related Articles
Romania’s opposition PNL hopes for a comeback under new leader
Romania’s largest opposition party, the National Liberal Party (PNL) elected Ludovic Orban as its new leader on June 17, after he defeated his rival within the party, Cristian Busoi. Although ... more
Backing from PSD dissidents gives Romanian PM a chance to survive confidence vote
Romania’s Prime Minister Sorin Grindeanu is reportedly backed by the so-called “Cluj Group” within the senior ruling Social Democratic Party (PSD), according to unofficial sources quoted by B1 ... more
Romanian prosecutors reportedly investigate €1.6bn multi-role warship order
Romania’s High Prosecution Office is understood to have launched an investigation into the former government’s planned purchase of multi-role warships from Damen shipyards for €1.6bn. ... more
Most Read This Week
- VISEGRAD: The strange death of Social Democratic Czechia
- MACRO ADVISER: Russia's Asian pivot starts to pay off
- Moldova, Bulgaria, Poland, Albania and Latvia to lose more than 40% of their populations by 2100
- BEAR MARKET BRIEF: Can IT revive Russia’s economy?
- KRUK REPORT: New language laws are not the next Ukrainian powder keg
Selected articles from our premium news/views
wire
IntelliNews
Pro
IntelliNews- VW agrees wage hike to end strike at Slovak plant
- Russia's "church bank" Peresvet bailed in by Rosneft's bank
- SpaceX successfully launches Bulgaria’s first geostationary communications satellite
- Turkey dismisses idea of closing Qatar military base despite Arab nations' demands
- Bishkek, Skopje cheapest cities for expats says new survey
- More from IntelliNews Pro