Romania’s unemployment rate, seasonally adjusted and calculated under the methodology of the International Labour Statistics (ILO) decreased by 0.1 percentage points (pp) from April and by 0.4 pp to a record low of 3.9% in May, according to data from the National Statistics Institute.

It is less than the European Union’s average of 6.3%, but not the lowest among Union’s country: the unemployment rate was 2.2% in Czech Republic, 3.1% in Germany and 3.3% in the Netherlands.

The EU countries with the highest unemployment rates in May were Greece (40.4% in March 2019, latest available data) , Spain (31.7%) and Italy (30.5%).

Compared to May 2018, the unemployment rate declined in most EU Member States, remained stable in Austria and increased in Denmark (from 5% to 5.1%), Luxembourg (from 5.6% to 5.7% %), Poland (from 3.7% to 3.8%) and Sweden (from 6.2% to 6.3%).

The number of ILO unemployed persons in Romania (aged 15-74 years, actively seeking jobs) estimated for May 2019 was of 351,000 thousand persons, decreasing from 390,000 one year earlier.

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editor@romania-insider.com