Romania reports highest quarterly employment growth in the EU in first quarter

Romania reports highest quarterly employment growth in the EU in first quarter
By bne IntelliNews June 13, 2018

Romania reported the highest quarterly growth in employment in the EU in the first quarter of the year, data published by Eurostat on June 13 showed.

The Romanian unemployment rate has been on a downward trend in the last few years, helped by the country’s economic growth. It has been supported by the increasing demand for labour from companies that have been expanding, including international investors. The Eurostat figures confirm Romania is following the same path as its northern neighbours in CEE, whose labour markets have tightened dramatically of late. 

According to Eurostat, employment in Romania advanced 1.9% q/q in January-March. In the EU, the number of employed people increased by 0.4% in the first quarter of 2018 compared with the previous quarter. The figures are seasonally adjusted.

Compared with the same quarter of the previous year, employment in Romania rose 1.8%, above the 1.4% EU average.

On a quarterly basis, high increases in employment were reported also by Malta (+1.3%), Portugal, Luxembourg and Croatia (all +1.0%). A decrease was observed in Estonia (-1.4%) and employment remained stable in Bulgaria and Lithuania.

More than one in four employers in Romania plans to increase their staff in the third quarter of the year, according to the latest Manpower Group Employment Outlook Survey. The report revealed that 27% of employers forecast an increase in payrolls, 65% anticipate no change and only 8% foresee a decrease in staffing levels.