Romania’s ILO unemployment up 0.2pps y/y to 7.3% in January 2014

By bne IntelliNews March 3, 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.

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